Flash
Biden's son Hunter Biden: LAPTOP team failed to cash out, because market makers caused the token to plummet
Market news shows that Hunter Biden, son of former U.S. President Biden, disclosed the results of an independent investigation into the launch of the LAPTOP token through a document. His team has commissioned a professional investigation agency Groom Lake to conduct a comprehensive verification of the transaction data on the day of launch. The survey results showed that the founding team did not cash out, and its tokens were still stored in a single wallet and had not been transferred since the launch of the project; while Hunter Biden's personal tokens have been closed for six months and will then be phased out in two years. Release within the year. According to the investigation, Market Maker 1 initially held US$500,000 in start-up capital, but only injected approximately US$5,200 and less than 30,000 tokens into the liquidity pool, which accounted for 0.003% of the total supply. Due to the extreme lack of liquidity, the token price soared from $0.05 to about $317 in less than two minutes, but then plunged 98% in an hour. It is worth noting that Market Maker 1 started selling just 84 seconds after the price peaked.