Hunter Biden’s memecoin $LAPTOP, launched on September 9, 2026, on Base, briefly reached a valuation between $144 billion and $317 billion before dropping 98 to 99% within hours due to insufficient liquidity. An independent forensic review reveals that two market makers earned nearly $3 million combined shortly after the price peak, with one collecting over $2.1 million despite contributing only $5,200 in liquidity. Biden is now calling on firms G20, GSR, and Wintermute to buy back and burn excess tokens they hold. The founder allocation, representing 30% of total supply, remains locked for six months before vesting, according to Biden.
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