Hacks & Security
Bearish
Hunter Biden asks LAPTOP market makers to buy back and burn tokens
Image: Crypto BriefingHunter Biden called on market makers behind the LAPTOP memecoin launch to buy back and burn excess tokens. The token launched September 9 on Base at about $0.05. A forensic review tied its launch-day crash to thin liquidity. The price fell 98% within hours. The review found one market maker ended about $686,000 ahead and another netted more than $2.1 million.
Key points
- The token rose sharply after launch and then fell 98% within hours.
- A review linked the crash to thin liquidity and market-maker activity.
- One market maker ended about $686,000 ahead, while another netted more than $2.1 million.
- Biden asked the firms to buy back and burn excess tokens they hold.
Why it matters
The request makes a private market-making relationship a public accountability question after the LAPTOP launch crash. The review's findings also highlight how thin liquidity shaped the token's opening price swings.
What's unclear
The reports give slightly different figures for one market maker's main-pool contribution.
Which named market maker earned each reported gain is not identified.
Sources · 3 publishers
BeInCrypto
Tier 2
Hunter Biden's LAPTOP Report Says Market Makers Made Millions: Who Are They?
Cointelegraph
Tier 1
Hunter Biden confirms LAPTOP token ‘not a rug pull,’ just trolling Trumps
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by BeInCrypto
- CryptoVideos brief published
- 1 more publisher added to sources
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
