12 October 2026
Hunter Biden Critiques Market Makers After LAPTOP Meme Coin's 99% Price Plunge
Hunter Biden has publicly criticized market makers following the catastrophic launch of his LAPTOP meme coin, which saw an astronomical rise of over 600,000% before plummeting nearly 99% shortly after its debut.
In a recent statement, Biden revealed findings from an independent forensic review that implicates two market makers in profiting significantly during the token's launch. According to the investigation by Groom Lake, these market makers allegedly earned millions while everyday traders suffered heavy losses.
"A month ago we launched LAPTOP," Biden stated on social media, reflecting on the token's tumultuous start. He described the trading conditions as akin to a 'celebrity rug pull,' indicating a severe lack of liquidity that contributed to the rapid price decline.
Despite the disastrous results, Biden asserts that the founding team did not cash out any tokens, claiming all founder coins remain untouched in a single wallet since the launch. However, an onchain investigator, known as Dethective, has raised questions about additional wallets linked to the project that transferred over 50 million LAPTOP tokens to exchanges.
As of now, LAPTOP is trading at approximately $0.075, a staggering 99.96% drop from its peak. Biden remains committed to the project, announcing plans to burn unclaimed tokens from the initial airdrop in an effort to stabilize the token's value.
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