[Hunter Biden Blames Market Makers for LAPTOP Crash After Launch, Denies Team Cash-Out] BlockBeats News, October 7: Hunter Biden, son of former U.S. President Joe Biden, released the independent investigation results regarding the launch of the LAPTOP token. He stated that he had commissioned forensic firm Groom Lake to verify all transactions on the launch day. He denied any cash-out by the team, claiming that the founder tokens remain concentrated in a single wallet and have not been moved since the launch. His personal tokens are locked for six months and will be released over two years thereafter. Citing the investigation, he noted that Market Maker 1 had $500,000 in startup capital but only contributed approximately $5,200 and fewer than 30,000 tokens to the liquidity pool, the latter accounting for just 0.003% of the supply. The extremely low liquidity caused the price to surge from $0.05 to about $317 in less than two minutes, followed by a 98% drop within an hour. Eighty-four seconds after the price peak, Market Maker 1 withdrew funds during the sell-off, reducing the funds available to support sell orders from $16,157 to zero at the current price level. He stated that Market Maker 1's DEX position yielded approximately $686,000 in profits, while Market Maker 2's related DEX transactions netted over $2.1 million in profits. He argued that the market makers responsible for the launch issues should buy back and burn the tokens. Hunter Biden took ultimate responsibility, stating he would not abandon the project. He plans to burn most of the unclaimed tokens from the initial airdrop next week; the airdrop accounts for 10% of the total supply. [Original Link]