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

According to @CoinMarketCap, around 13 million meme coins launched in 2025 while the sector’s market cap fell 62% to $38.3B and trading volume dropped 76% to under $3B, source: CoinMarketCap. Given CoinMarketCap’s reported 76% volume decline and 62% market-cap drawdown, traders should anticipate thinner liquidity, wider spreads, and higher slippage across small-cap meme coins and adjust position sizing and order types accordingly, source: CoinMarketCap. CoinMarketCap’s year-in-review highlights Pump.fun activity, Trump-themed token crashes, and DOGE “going to Wall Street,” indicating liquidity concentration in a few names versus a fragmented long tail, source: CoinMarketCap. Allocations that prioritize deep-liquidity assets like DOGE for execution and risk management align with the liquidity conditions described by CoinMarketCap’s 2025 data, source: CoinMarketCap.