BeInCrypto • October 7th 2026, 4:48 PM
Hunter Biden's LAPTOP Report Says Market Makers Made Millions: Who Are They?
Key Summary
A report by Hunter Biden reveals that two trading firms hired to stabilize his LAPTOP meme coin after its launch-day crash made millions of dollars, while Biden himself expressed frustration and anger towards the firms, calling for the coins to be destroyed. The report found that the firms' positions ended up $685,873 ahead and $2.18 million ahead, respectively, with the founders' 300 million tokens locked for six months before being released over two years.
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Investigation into LAPTOP Crash## Hunter Biden released a report on Wednesday detailing the crash of his LAPTOP meme coin, which saw the price jump from 5 cents to $316.75 in under two minutes before plummeting 98% within the hour. The report, by Groom Lake, found that the two trading firms hired to keep the coin stable came out millions of dollars ahead after the launch-day crash.## The report attributes the crash to a thin launch pool, heavy early trading, and one firm pulling its cash, with moderate confidence. The firms' positions ended up $685,873 ahead and $2.18 million ahead, respectively, with the founders' 300 million tokens locked for six months before being released over two years.## Biden expressed frustration and anger towards the firms, calling for the coins to be destroyed. He also targeted paid crypto promoters known as KOLs, saying he would make the coin work just to 'piss off' Donald Trump and Eric Trump.## The report does not name either firm, but Biden has denied scam claims and blamed bots on the launch day. The team plans to burn most unclaimed airdrop tokens next week.
#LAPTOP#US#Crypto#SEC#MarketMakers