Grab EXTRA 10% OFF all Tangem products. Till Oct 25Hunter Biden blames market makers for LAPTOP token crash
6.8 Markets Hunter Biden blamed market makers for the LAPTOP token crash, citing thin liquidity and large profits. He denied insider selling, called for a buyback and burn, and pledged to burn unclaimed tokens.
Hunter Biden addressed the sharp price collapse of the LAPTOP token after its launch, attributing the crash to market makers who provided extremely thin liquidity despite receiving substantial startup capital. Forensic audits by Groom Lake revealed that only about $5,200 of the $500,000 allocated was placed into the initial liquidity pool, which held fewer than 30,000 tokens—just 0.003% of the total supply. This lack of liquidity caused the token price to spike from $0.05 to over $317 in under two minutes, then plunge by 98% within the first hour. Market makers reportedly withdrew funds at the price peak, earning millions, while the founders’ tokens remained untouched. Biden denied any insider selling, stated his tokens are locked, and called on the market makers to buy back and burn the tokens. He accepted responsibility for the launch issues and committed to burning most unclaimed tokens.
