A report Hunter Biden released Wednesday says two market makers hired to stabilize his LAPTOP meme coin gained millions of dollars after its launch-day crash. The Groom Lake report does not name either firm and finds that the founders never sold. The report attributes the crash to a thin launch pool, heavy early trading and one firm withdrawing cash, with moderate confidence. LAPTOP rose from 5 cents to $316.75 in under two minutes before falling 98% within the hour. Biden wants the coins bought back and destroyed.
