Hunter Biden blamed market makers for the sharp drop in the LAPTOP token following its launch, and denied that his team had cashed out.

Hunter Biden, son of former US President Joe Biden, published a post revealing independent investigation findings into the LAPTOP token launch, stating he has hired forensics firm Groom Lake to review all transactions on the token’s launch day. He denied his team engaged in insider selling, noting founder tokens remain in the same wallet and have not moved since launch; his personal tokens are locked for six months, then will vest over two years. Citing the investigation, he said Market Maker 1 held $500,000 in startup capital but only deployed roughly $5,200 and fewer than 30,000 tokens to the liquidity pool—just 0.003% of total supply. The extremely low liquidity pushed the token’s price from $0.05 to around $317 in under two minutes, before plunging 98% within an hour. 84 seconds after the price peaked, Market Maker 1 withdrew its funds during the sell-off, draining on-chain liquidity available to absorb sales at near-current prices from $16,157 to zero. He claimed Market Maker 1 earned roughly $686,000 from its DEX position, while Market Maker 2 netted over $2.1 million from related DEX trades, and argued the market makers responsible for the launch issues should repurchase and burn the tokens. He said he takes full ultimate responsibility, will not exit the project, and plans to burn most unclaimed tokens from the initial airdrop next week—this airdrop made up 10% of the total token supply.