金色财经
金色财经|Oct 07, 2026 15:38
[Hunter Biden Responds Again to LAPTOP Token Controversy: Team Did Not Cash Out, Market Maker Caused Token Crash] Reported by Jinse Finance, on October 7, Hunter Biden, son of former U.S. President Joe Biden, posted on the X platform, releasing the independent investigation results of the LAPTOP token launch incident. He stated that he had commissioned the forensic company Groom Lake to verify all transactions on the day of the launch. Hunter Biden denied that the team cashed out, claiming that the founder tokens remain concentrated in the same wallet and have not been transferred since the launch; his personal tokens are locked for six months and will be released over two years thereafter. He cited the investigation, stating that Market Maker 1 had $500,000 in startup capital but only contributed approximately $5,200 and less than 30,000 tokens to the liquidity pool, the latter accounting for just 0.003% of the total supply. The extremely low liquidity caused the price to surge from $0.05 to approximately $317 within less than two minutes, followed by a 98% drop within an hour. Eighty-four seconds after the price peaked, Market Maker 1 withdrew funds during the sell-off, reducing the funds available to support sales at the current price from $16,200 to zero. Hunter Biden stated that Market Maker 1's DEX position profited approximately $686,000, while Market Maker 2's related DEX transactions netted over $2.1 million. He believes the market makers responsible for the launch issues should buy back and burn the tokens. He expressed that he takes ultimate responsibility and will not exit the project. He plans to burn most of the unclaimed tokens from the initial airdrop next week; this airdrop accounts for 10% of the total supply.
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