NYC token deployers profited approximately $1 million by adding one-sided liquidity.

The NYC token launched by former New York City Mayor Eric Adams, along with the wallet 9Ty4M associated with the token deployer, created a one-sided liquidity pool on the Meteora platform. At the peak of the price, approximately $2.5 million USDC was withdrawn, and only about $1.5 million was re-injected after the token value dropped by 60%, resulting in a net profit of approximately $1 million.