TL;DR:
- A wallet linked to the market maker deployed only $5,200 in initial liquidity out of the $500,000 previously received.
- The LAPTOP token price surged from $0.05 to $320 in under two minutes, only to crash 98% within its first hour.
- The founders’ wallet kept its 300 million tokens untouched as of October 7, 2026.
This Wednesday, October 7, Hunter Biden urged the LAPTOP market maker to buy back and burn the entire supply following the price collapse during its decentralized market debut.
A month ago we launched $LAPTOP.
Within minutes, we had a chart that looked like every celebrity rug ever. Completely broken.
I promised you a full independent accounting. Here it is.
1/
— Hunter Biden (@HunterBiden) October 7, 2026
The demand came after the release of a forensic audit conducted by the firm Groom Lake. The report uncovered internal operations and liquidity distribution during the memecoin’s launch.
Groom Lake reported that a wallet identified as “Market Maker 1″ received $500,000 prior to the token’s debut. However, that same entity allocated barely 1% of those funds—amounting to roughly $5,200—into the initial liquidity pool positions.
This meager initial allocation crippled the trading pair’s market depth. Data from the technical report shows that the primary liquidity pool held fewer than 30,000 LAPTOP tokens, representing approximately 0.003% of the original 1-billion-token supply.
As a result of this extreme supply squeeze, a buy order of just $6 drove the price up by 5%. DexScreener metrics cited in the investigation reveal that in less than two minutes, the price of LAPTOP skyrocketed from $0.05 to $320, before plummeting 98% from its peak over the following sixty minutes.
Liquidity Imbalance and Million-Dollar Profits
Groom Lake’s analysis reported that trades tied to a second market maker generated roughly $2.18 million in net USDC proceeds. Furthermore, the first wallet analyzed netted nearly $686,000 in profits from its liquidity positions, though part of that sum corresponded to loan obligations.
In response to these findings, Hunter Biden voiced his frustration via a post on his X account. The project promoter stated that the primary beneficiaries of the launch were the liquidity-providing firms, insisting that the responsible party must pull all circulating tokens off the market.
These technical findings build upon an earlier stance released the previous month, when project organizers blamed the launch failure on automated, high-speed buying programs known as sniper bots.
Official documentation indicates that the founding team’s wallet still holds 300 million LAPTOP tokens unmoved as of October 7, 2026. Biden publicly accepted ultimate responsibility for the operational missteps of the rollout, while investors await decisions regarding potential compensation or formal buybacks in the coming weeks.
