12,000 wallets lost $6.4M on $LAPTOP. Who was dumping on the 80% who lost? Hunter Biden’s $LAPTOP launched on Base today. It spiked hard in the first minutes then crashed about 98-99% within hours. On-chain data shows over 11,500 to 12,000 wallets that bought are now underwater. Combined losses sit around $6.4 million. More than 80% of buyers are in the red. Many of the biggest holders were brand new wallets funded just before or on launch day. Some airdrop claimers and early receivers sold fast. Market maker Wintermute also received tokens and sold a portion. One wallet alone turned $200k into roughly $3k in under an hour. Classic memecoin launch pattern: early exit for a few, heavy losses for the rest. Was this just normal degen chaos or coordinated dumping on the late buyers? Which side are you on?
