Wintermute-Tagged Wallet Sells $2.08 M of LAPTOP Tokens

On launch day, an address labeled by Arkham as belonging to market‑making firm Wintermute sold 466,255 LAPTOP tokens for roughly $2.08 million. The tokens originated from a team allocation of 2.5 million LAPTOP, according to on‑chain analysis by Lookonchain.

Team Allocation and Sale Details

Lookonchain identified that the Wintermute‑tagged wallet (0x4B3F…1f2a) received part of a 2.5 million‑token allocation from the Laptop Token project team. The wallet then sold 466,255 LAPTOP at an average price of $4.47, generating about $2.08 million in proceeds.

Launch‑Pool Liquidity Conditions

Trader Jaider Hurtado observed that the initial Aerodrome and Uniswap pools for LAPTOP opened with minimal liquidity. He recorded the displayed price dropping from $316.75 at 12:03 UTC to around $6 at 12:40 UTC, a decline of roughly 98%.

Remaining Balance and Unclear Relationship

After the sale, the Wintermute‑tagged address still held approximately 200,745 LAPTOP, according to Arkham and BaseScan data. The exact nature of Wintermute’s involvement—whether trading on its own account, acting as a market maker, or executing on behalf of another party—was not disclosed.

Market Activity Overview

Despite the thin initial pools, the launch generated about $10 million of volume in the first hour, indicating strong trading interest even with limited liquidity.