Hunter Biden responded to the drastic price fluctuations of the meme coin LAPTOP within hours of its launch, stating that the media's reports of a 99% drop and connections to Rug and family crimes are untrue. He attributed the price spike and subsequent drop to the inability of the launch liquidity to meet demand, compounded by technical failures and front-running bots entering before market makers, after which the price stabilized.

He claimed that the team's allocation is locked, that no one on his side can sell, and that he has not made a dollar; the fully diluted valuation still exceeds $1 billion, and he stated they are optimizing liquidity and continuing to operate the community. The airdrop targets include addresses that lost money on the Trump meme coin, which he believes the media has misrepresented as a failure. A reader's note pointed out that the project's multi-signature wallet received 100 million tokens before launch, accounting for 10% of the total supply, and that approximately 42.5 million tokens have since been sold, conflicting with the statement of "we did not sell."

Previous English on-chain reports had clarified that this multi-signature wallet received chips a week before launch, and market-making addresses like GSR held and sold tokens around the opening; the peak fully diluted valuation was pushed to the $100 billion level by thin pools, with the price dropping by about 90% within an hour. The total supply of the token is 1 billion, with founding parties disclosing that they received about 30% and stated that it would be locked for six months before being released over two years. The white paper positions it as a non-equity, non-revenue entertainment token and warns that the price could go to zero.

In market mechanics, buyers are short-term traders chasing political symbols, while sellers include addresses holding chips before and after the opening; the driving forces are narrative reconciliation and front-running, rather than protocol cash flow. Funds flow from thin liquidity pools to the first party to transact. Beneficiaries are addresses that sold near the peak, while those under pressure are late retail investors and TRUMP loss holders treating the airdrop as compensation. The team's lock-up narrative and the record of sold multi-signatures coexist, becoming the pricing discrepancy itself.

Source: Public Information