NYC token deployer profits approximately $1 million by adding one-sided liquidity

PANews reported on January 13 that, according to Bubblemaps analysis, the NYC token launched by former New York City Mayor Eric Adams saw the wallet 9Ty4M, associated with the token deployer, create a single-sided liquidity pool on the Meteora platform. At the price peak, approximately $2.5 million USDC was withdrawn, and after the token value dropped by 60%, only about $1.5 million was reinjected, resulting in a net profit of around $1 million.