TL;DR: Hunter Biden says the $LAPTOP memecoin isn’t a rug‑pull; tokens are locked, but two market‑making firms quickly pulled liquidity and earned roughly $2.9 M after the token peaked at $317.
The Details
Hunter Biden posted blockchain data showing 300 M $LAPTOP tokens remain unmoved since the Sept 9 launch. Two professional trading firms hired as market makers withdrew liquidity seconds after the price hit its high of about $317. Market Maker 1 earned $686 k from liquidity positions; Market Maker 2 netted $2.18 M in profit. A Groom Lake intelligence report confirmed the cash pool vanished 84 seconds after the peak, leaving sellers with zero liquidity. Biden claims 5 % of tokens are earmarked for charity and frames the project as a political troll against the Trump family, citing a MiCA‑style lock‑up disclosure.
Watch For
- Any announced charity disbursements that could affect token supply.
- Regulatory attention on political figures issuing crypto projects.
- Price volatility if market makers re‑enter or if the token gains broader speculative interest.