price move

Hunter Biden says LAPTOP market maker should ‘buy it all back and burn it’

0Importance
closedStatus
5News media
5Pieces
Published

Hunter Biden released a forensic review of the LAPTOP memecoin launch and said the token was not a rug pull. The account says the launch used very thin liquidity, that market makers later sold or withdrew liquidity, and that the founders did not sell their allocation.

Key claims & sources

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Biden said a purchase of about $6 at launch could have shifted LAPTOP’s market capitalization by roughly 5%.
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A review found that liquidity was pulled after the token rose from about 5 cents to around $317, and Biden denied that team-linked selling was involved.
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A commissioned report described thin liquidity at launch and said market-maker-linked trading produced gains during the token’s early period.
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The report released Wednesday said two trading firms hired to stabilize the token ended up millions of dollars ahead after the launch-day crash, while the founders were said not to have sold.
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Biden said the token was meant as a troll aimed at Trump-linked crypto, and he rejected the idea that LAPTOP was a rug pull.
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The token went live on Sept. 9 at 5 cents on Base, and Biden later released a forensic accounting of its launch and fallout nearly a month after the token dropped by more than 98% on launch day.

What it means

Users and traders who watched LAPTOP’s launch saw a token that started with very little liquidity and later moved sharply, so the first morning after this account matters because the launch conditions are now part of the public record. That affects how people read the crash and the later dispute over who sold and who did not, since the report says the founders did not sell and points to market-maker-linked activity instead.

In practice, what changes is the framing around the launch: the token is being described as a memecoin launched on Base on Sept. 9, with a forensic review now published after the crash. What stays the same is that the token already fell by more than 98% on launch day, so the new material does not change what happened to holders before the review appeared.

Market reaction i

Hunter Biden's LaptopLAPTOP the headline names this asset
first headline
+5.5% 2 h before
+16.0% 4 h after
$0.0768price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 7 16:40
+7 min
Oct 7 16:48
+1 h 19 m
Oct 7 18:00
Cointelegraph context
Its angle: breakdown, confirms, trolling; with quotes
+5 h 31 m
Oct 7 22:11
CR Cryptopolitan context
Its angle: accounting, disclosure, collapsing; with quotes
+1 d 3 h
Oct 8 20:19
CP CryptoPotato echo
No new facts: investigation, perception, challenges; with quotes

Where this sits in the Hunter Biden's Laptop series

WhenWhat happenedFigure
30 days ago LAPTOP at $0.0951 high today it sits -51.0% from there
6 days ago LAPTOP at $0.0389 low today it sits +19.7% from there

From what we have stored, starting 42 days ago.