# Hunter Biden Blames Market Makers for LAPTOP Token Collapse

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27499
Published: 2026-10-07T15:14:16.000Z
Updated: 2026-10-07T15:14:16.000Z
Section: Investing

> He denied team-linked selling and said a review found liquidity was pulled after the token surged from $0.05 to about $317.

Hunter Biden blamed market makers for the LAPTOP token’s collapse after launch, while denying that project insiders sold their holdings.

Biden said an independent review of launch-day trading found that one market maker had $500,000 in starting capital but put only about $5,200 and fewer than 30,000 LAPTOP tokens into the liquidity pool. The token’s price climbed from $0.05 to about $317 in less than two minutes before falling 98% within an hour.

He said the market maker removed funds 84 seconds after the peak while selling was underway, reducing liquidity available near the market price from $16,157 to zero. He attributed about $686,000 in decentralized-exchange gains to that market maker and said a second market maker generated more than $2.1 million in net gains from related trades.

Biden denied team-linked selling, saying the founders’ tokens remained in the same wallet and had not moved since launch. He said his personal allocation is locked for six months and will then be released over two years.

Biden said he accepts final responsibility, will not leave the project and plans to burn most unclaimed tokens from the initial airdrop next week. The airdrop represented 10% of the total supply.