Former New York City Mayor Eric Adams has refuted claims that he moved funds or profited from the NYC token after it fell more than 80% within the first hour of its launch. “Recent reports alleging that Eric Adams moved money out of the NYC Token are false and unsupported by any evidence,” Todd Shapiro, a spokesperson for Adams, said in a Jan. 14 statement on X. Shapiro attributed the token’s sharp drop to market volatility while noting that the former mayor’s involvement in the project was not “intended for personal or financial gain.” Adams launched the Solana-based token on...