NYC Token Faces Liquidity Drain After Launch Despite Early Success

The statement is highly likely to be true based on consistent reporting from multiple sources, including a primary source specializing in on-chain analysis. The most authoritative source, Lookonchain, directly supports the claim based on its own analytics, stating the deployer profited approximately $1 million. This claim is corroborated by several other news outlets, including Phemex, Bitget, and Cointech2u. Notably, multiple sources explicitly cite analysis from another on-chain intelligence firm, "Bubblemaps," which suggests that at least two separate analytical entities have reached the same conclusion. The evidence is further strengthened by the specific identification of the wallet address (9Ty4M) in several reports, adding a layer of verifiability to the claim. There are no contradictions among the relevant sources provided; one source was deemed irrelevant as it only contained the claim as an unrelated headline. The convergence of evidence from a primary analytics platform and multiple secondary sources citing independent analysis provides high confidence in the statement's accuracy.