NYC Token has recently attracted a lot of attention. According to on-chain data monitoring, the project's market cap once surged to a high of $600 million but then dropped below $100 million, with quite volatile fluctuations. The underlying reason is quite intriguing—after the NYC deployer wallet established unilateral liquidity on Meteora, it withdrew about 2.5 million USDC at the peak price. When the token price fell by 60%, it re-injected 1.5 million. This operational approach has sparked much discussion and also reminds us to pay attention to the movements of large holders and liquidity changes when participating in new projects.

USDC-0,06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
DefiSecurityGuardvip
· 01-13 05:55
caught red-handed lmao. deployer wallet dumps 2.5M at peak then buys the dip? classic rugpull playbook. DYOR before this tanks another 60%.
Reply0
WhaleInTrainingvip
· 01-13 05:55
This is another classic project team rug pull script, running at high prices and bottoming out to buy the dip, the套路 hasn't changed. The funny thing is they dare to do it so blatantly, it can be uncovered on-chain, this mentality... NYC this wave is truly disappointing, from 600 million down to 100 million, luckily I didn't buy in. Wait, isn't this operation called "dump the market and buy the dip"? Learned it, learned it. When a big player moves, retail investors get hurt, an eternal truth. Next time you see this kind of one-sided liquidity, you better be more cautious.
View OriginalReply0
CexIsBadvip
· 01-13 05:42
Oh my, it's the same old trick again—selling at high prices and buying at low prices, a classic script for cutting leeks. --- 2.5 million runs away, then 1.5 million is bought back. Do you really think we’re all blind? --- Damn, this is why I never touch new coins. A single move by a big player can wipe out tens of thousands of people. --- Wake up, everyone. Watching liquidity is a thousand times more important than reading the white paper. --- Clearly, they are repeatedly testing the bottom. Anyone with a brain can see that. --- Dropping from 600 million to 100 million, and this is it? Next time, it’ll be even more brutal, and you’ll still have to buy in. --- Isn’t this just the self-cultivation of the whales? It’s so obvious. --- The problem is, there will still be people bottom-fishing later, and then another wave of high-level relay... --- Unilateral liquidity should trigger a red flag warning. Why are so many people still jumping in?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)