Hunter Biden confirms LAPTOP token ‘not a rug pull,’ just trolling Trumps
Hunter Biden published blockchain data and a launch report for the $LAPTOP memecoin, saying 300 million tokens held in founder-associated wallets have not moved since the token's Sept. 9 debut. He accused two market-making firms of extracting millions around the token's peak and said the project was intended partly to troll members of the Trump family and crypto influencers.
Why It Matters
The disclosure aims to address rug-pull concerns while highlighting how professional trading firms can extract large sums from memecoin launches — a pattern that has drawn scrutiny across high-profile political token projects. The episode also ties into broader controversy over politically linked memecoins and alleged losses by investors.
Key Facts
- Token launch date: Sept. 9, 2025
- Founder-associated tokens unmoved: 300 million $LAPTOP tokens
- Peak price reported: $317 (approx.)
- Market maker 1 profit: $686,000
- Market maker 2 net gain: $2.18 million
Hunter Biden released blockchain records and a launch report this week detailing activity around the $LAPTOP memecoin, which references his disputed laptop. According to Biden and a Groom Lake report posted on the token's website, 300 million tokens held in wallets linked to the project's founders have not been moved since the token went live on Sept. 9.
Biden said price charts for $LAPTOP resembled those seen in celebrity rug pulls shortly after launch, and that two professional trading firms hired as market makers profited heavily by withdrawing liquidity and trading around the token's peak. He posted figures indicating one market maker withdrew about $686,000 from decentralized exchange liquidity positions and the other took in roughly $2.18 million more than it spent. The Groom Lake report said one market maker pulled funds 84 seconds after the price topped out, drastically reducing sell-side liquidity.
Biden described the project as deliberate provocation of rival figures, saying he wanted to "troll" Donald Trump Jr., Eric Trump and influencers who labeled the project a scam after it declined to pay them. He said the team committed to locking founder tokens and published a MiCA disclosure, and that about 5% of tokens were intended for charitable use. Biden also said the founder-held memecoins will remain locked for six months and that the team will continue burning unclaimed airdrop tokens.
The $LAPTOP episode is unfolding amid broader debate over politically connected memecoins. Biden has previously criticized the Trump family's World Liberty Financial and faces public scrutiny tied to his own memecoin activity; a separate token tied to former President Trump, called $TRUMP, was cited by Public Citizen as having caused roughly $3.2 billion in investor losses since its 2025 launch. The $LAPTOP disclosures aim to document on-chain flows and respond to accusations of a rug pull while drawing attention to how market makers can extract large sums in rapid windows after token launches.
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Original source: Cointelegraph