Hunter Biden rejected scam accusations after LAPTOP (LAPTOP) fell roughly 99% from its brief launch peak, while his foundation blamed sniper bots and thin liquidity for the collapse.
Key Points:
- The foundation said sniper bots and insufficient starting liquidity drove the token’s launch-day price swing.
- The team began adding 4 million LAPTOP to Aerodrome pools and plans to burn 10 million tokens after two prediction events resolved YES.
- Bubblemaps said roughly 80% of traders lost money, while X suspended the project’s official account after the crash.
LAPTOP Crash Response
The LAPTOP team published its response early Thursday after X suspended the foundation’s official account, forcing the project to shift updates to another platform.
The foundation said the pool opened at $0.05 per token before demand overwhelmed the market maker’s starting liquidity and sniper bots intensified the price swing.
LAPTOP peaked near $199 about two minutes after its Base debut before crashing within minutes and erasing nearly all of that early valuation. One wallet made $1.18 million, while another trader lost heavily after spending $200,000 near the top of the market. The foundation said insiders did not buy early and repeated that the project had no presale or allocations for investors or influencers.
Founders hold 30% of supply under a six-month lock and two-year vesting schedule, with the allocation held at Coinbase Custody. Starting at midnight UTC on Sept. 10, the foundation began deploying 4 million tokens, or 0.4% of supply, into Aerodrome pools and said 10 million tokens, or 1%, would be burned.
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Hunter Biden Losses
Onchain analytics firm Bubblemaps said about 80% of LAPTOP traders were underwater after the launch. Two wallets lost between $100,000 and $1 million, 100 lost more than $10,000, about 700 lost more than $1,000, and roughly 11,000 recorded smaller losses.
Those losses show how quickly a thin launch market can produce extreme valuations and equally sharp reversals. The foundation also told holders they “should not expect us or anyone else to make this token more valuable for you.”
The token’s first day showed that volatility repeatedly punished buyers even after the initial collapse. LAPTOP rose from a $0.05 pool price to nearly $199 within minutes, then fell roughly 99%, while one trader who later bought near $5.97 lost another 87% as the decline continued.
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