Hunter Biden Blames Market Maker for LAPTOP Meme Coin Collapse
đ» Hunter Biden's forensic review of the LAPTOP token launch revealed that extreme price fluctuations were due to thin liquidity and unnamed market maker activities, challenging initial rug pull perceptions.
đ The investigation found that a market maker invested only $5,200 into a pool with fewer than 30,000 tokens, leading to significant price volatility, with the token soaring to $317 before plummeting 98% shortly after.
đ On-chain data confirmed that the founder's wallet, holding 300 million LAPTOP tokens, remained untouched, while Biden called for the mishandling market maker to buy back and burn the tokens, sparking mixed reactions in the crypto community.
đ» Hunter Biden's forensic review of the LAPTOP token launch revealed that extreme price fluctuations were due to thin liquidity and unnamed market maker activities, challenging initial rug pull perceptions.
đ The investigation found that a market maker invested only $5,200 into a pool with fewer than 30,000 tokens, leading to significant price volatility, with the token soaring to $317 before plummeting 98% shortly after.
đ On-chain data confirmed that the founder's wallet, holding 300 million LAPTOP tokens, remained untouched, while Biden called for the mishandling market maker to buy back and burn the tokens, sparking mixed reactions in the crypto community.