According to @bubblemaps, Eric Adams, former mayor of New York, announced the New York City token $NYC a few hours ago, after which $NYC’s market cap surged to about $600 million before dropping below $100 million within hours. Source: Bubblemaps on X, Jan 13, 2026 https://twitter.com/bubblemaps/status/2010890109416292660 Based on those figures, $NYC experienced an intraday market-cap drawdown of roughly 83 percent or more, signaling extreme volatility and elevated slippage risk for short-term traders. Source: Bubblemaps on X, Jan 13, 2026 https://twitter.com/bubblemaps/status/2010890109416292660