$LAPTOP executed a classic pump-and-dump structure disguised as a legitimate launch. Price spiked from $0.05 to $317 in under two minutes, then collapsed 98% within the hour. This wasn't volatility—it was engineered extraction.
Market maker held $500K but seeded only $5,200 into the pool (30K tokens = 0.003% of supply). Eighty-four seconds after peak, they pulled liquidity entirely. Pool went from $16,157 to zero. Hunter Biden blamed the MM and crack; the team selected the MM and designed the launch.
97.7% of the 1B supply sat in seven multisig Safes controlled by three signers under a 2-of-3 threshold. One "signer" was itself a Safe with four potential approvers—so "2-of-3" doesn't guarantee two distinct humans. Three days before public disclosure, eight of nine Safes rotated the same signer out for a new address.
Within 3.5 minutes of trading, one Safe moved 30M tokens. Several hops later, tokens landed on what appears to be an exchange hot wallet. The liquidity Safe dumped another 62.5M tokens across ten-plus addresses.
Disclosures claim founder allocation is with Coinbase Custody. Onchain, it sits in a Safe sharing signers with the Safes that moved tokens out during the dump. Same disclosures permit the foundation to sell unlocked treasury tokens, with residual profit flowing to an LLC owned by the founders.
Transfers aren't sales and intent isn't provable onchain. But 35,000 addresses bought the launch and every single one is underwater. The structure, timing, and signer overlap all point to coordinated extraction. This is a rug.
Market maker held $500K but seeded only $5,200 into the pool (30K tokens = 0.003% of supply). Eighty-four seconds after peak, they pulled liquidity entirely. Pool went from $16,157 to zero. Hunter Biden blamed the MM and crack; the team selected the MM and designed the launch.
97.7% of the 1B supply sat in seven multisig Safes controlled by three signers under a 2-of-3 threshold. One "signer" was itself a Safe with four potential approvers—so "2-of-3" doesn't guarantee two distinct humans. Three days before public disclosure, eight of nine Safes rotated the same signer out for a new address.
Within 3.5 minutes of trading, one Safe moved 30M tokens. Several hops later, tokens landed on what appears to be an exchange hot wallet. The liquidity Safe dumped another 62.5M tokens across ten-plus addresses.
Disclosures claim founder allocation is with Coinbase Custody. Onchain, it sits in a Safe sharing signers with the Safes that moved tokens out during the dump. Same disclosures permit the foundation to sell unlocked treasury tokens, with residual profit flowing to an LLC owned by the founders.
Transfers aren't sales and intent isn't provable onchain. But 35,000 addresses bought the launch and every single one is underwater. The structure, timing, and signer overlap all point to coordinated extraction. This is a rug.