NYC token deployer profits about $1 million by adding one-sided liquidity

BlockBeats news, on January 13, according to Bubblemaps analysis, the NYC token launched by former New York City Mayor Eric Adams. After the wallet 9Ty4M, associated with the token deployer, created a single-sided liquidity pool on the Meteora platform, it withdrew about 2.5 million USDC at the price peak, and after the token value dropped by 60%, only reinjected about 1.5 million USDC, making a net profit of approximately 1 million USDC.