LAPTOP Meme Coin Crash: Market Makers Walked Off With Millions

Hunter Biden's LAPTOP meme coin went from 5 cents to $316.75 in under two minutes when it launched on Coinbase's Base network on September 9, then lost 98% of its value within the hour. Now a report commissioned by the team, produced by Groom Lake and released this week, puts the blame on the two market makers that were hired to prevent exactly that kind of blowup.

The numbers are brutal. The main pool reportedly opened with $35,663 on one side but only 29,885 tokens on the other, an extreme imbalance. In that setup, a buy of about $6 could push the price up 5%, while it took over $7,300 of selling to push it down the same amount. Across 668 other launches the report reviewed, buys and sells moved prices roughly equally. LAPTOP's pool was basically a launchpad for a vertical candle and an equally vertical collapse.

According to the report, the first market maker received $500,000 but put only around $5,244 into the pool, pulled out 84 seconds after the peak, and finished roughly $686,000 ahead. Trading linked to the second firm reportedly netted more than $2.1 million. Neither firm was named. Biden says the team gave both firms capital to stock both sides of the book and wants the responsible party to buy the supply back and burn it. The report also states the founders never sold their 300 million locked tokens.

LAPTOP lives on Base, but the lesson travels straight to Solana. Before you ape any celebrity or political launch, check pool depth on both sides, not just the headline liquidity number. A thin token side means early buyers get rocket fuel and late buyers get the bag. Watch who controls liquidity and how fast it can be pulled.

As with all meme coins, exercise caution — these assets carry significant risk. Stay ahead of Solana meme coin moves at alphacino.io