According to @BullTheoryio, $NYC trading began at 10:27pm UTC, reached an all-time-high market cap of $587 million by 10:41pm UTC, and the team began pulling liquidity around 10:43pm UTC, with an alleged $3.4 million cash-out within an hour (source: @BullTheoryio). According to @BullTheoryio, the rapid run-up followed by liquidity withdrawal created immediate exit risk and slippage for late entrants, a pattern consistent with rug-pull dynamics that can trigger sharp price collapses (source: @BullTheoryio).

According to @KobeissiLetter, a memecoin attributed to Eric Adams surged to a peak market cap of about $580 million before plunging roughly 80% within minutes. Source: @KobeissiLetter, Twitter, Jan 13, 2026. The source adds that nearly $500 million in market capitalization was erased from the post-launch peak in the rapid reversal, underscoring extreme launch-phase volatility and liquidity risk for traders. Source: @KobeissiLetter, Twitter, Jan 13, 2026.