The $LAPTOP launch gets even crazier when you look at who actually made money while thousands of wallets got trapped. Around 12,000 wallets reportedly ended up in losses, representing roughly 80% of tracked traders. So who was selling into all that demand? The data mainly points to early snipers, fast airdrop sellers and market makers. Some bots and early buyers managed to enter while liquidity was still extremely thin, then sold into the huge spike as more traders rushed in. A few of those returns were insane. One early wallet reportedly turned around $900 into more than $250K. Another turned roughly $250K into more than $1M. Airdrop claimants also played a role. Some wallets received free $LAPTOP and sold quickly, including two closely connected wallets that reportedly cashed out around $600K combined. Then there were the market makers. Wintermute received a large inventory for market making and sold hundreds of thousands of tokens into the market. GSR and G20 also received sizeable allocations. Put all of that together and the launch structure becomes pretty clear. Early traders had the best entries. Airdrop recipients had free inventory. Market makers had tokens to provide liquidity. And late buyers were chasing a vertical chart with very little liquidity underneath it. That is how a small group can walk away with huge profits while thousands of wallets get trapped within hours. The irony here is crazy too. $LAPTOP was partly pitched around giving something back to people who lost money on $TRUMP , then its own launch created a fresh group of bag holders almost immediately. For me, the biggest issue is the launch structure itself. Huge attention, tiny liquidity and fast sellers created the perfect environment for this kind of price action.