Hunter Biden Demands LAPTOP Meme Coin Market Maker Buy Back and Burn Tokens, Report Cites Severely Insufficient Initial Liquidity

Odaily reports that Hunter Biden on Wednesday released a forensic report produced by Groom Lake regarding the LAPTOP Meme coin launch, and called out the anonymous market maker involved in the issuance, stating that "the market maker who botched the launch should buy back all the tokens and burn them."

The report shows that a wallet possibly controlled by "Market Maker 1" received $500,000 before the launch, but only deployed approximately $5,200 at launch, accounting for about 1%. All liquidity providers combined contributed fewer than 30,000 LAPTOP tokens to the main pool, representing only about 0.003% of the initial 1 billion token supply.

The extremely low initial liquidity made LAPTOP's price highly susceptible to being moved by small trades. According to the report, a single $6 buy order could push the quote up by approximately 5%. Combined with high-frequency early trading and liquidity fluctuations, this led to extreme price volatility on launch day.

Biden stated that "the biggest winner in this launch was the market maker." The report further supplements previous explanations regarding the failed launch. Last month, the project team attributed the price anomalies primarily to sniper bots and insufficient liquidity.

Notably, as of October 7, the 300 million founder tokens held by the project team had still not been transferred. The core of the current controversy remains focused on the market maker's launch execution, liquidity allocation, and whether it improperly profited from the extreme volatility.