Hunter Biden on the collapse of the LAPTOP meme coin: “The team’s tokens are locked. No one on our side has sold or could have sold anything. Personally, I haven’t made a single dollar from this.”

Hunter Biden stated that the sharp drop in LAPTOP after launch was not a rug pull and attributed it to liquidity issues.

According to him:

• There wasn't enough available liquidity to meet the high demand at launch. The situation was further exacerbated by technical issues and sniper bots.
• The team's tokens are locked, and the team itself allegedly didn't sell any tokens. Biden claims he personally didn't profit from the launch either.
• Despite the price collapse, LAPTOP's FDV remains above $1 billion (no longer the case).
• The team is working to improve liquidity and continues to develop the project.
• A portion of the tokens was given away for free to users who lost money on the TRUMP memecoin.

FDV $820 million