LAPTOP Launch Got Wrecked By Thin Liquidity 💸
Biden said Groom Lake checked every trade from the launch and spotted a market maker who got $500,000 yet only tossed around $5,200 into the starting pool. Fewer than 30,000 LAPTOP tokens sat there creating a market where just $6 of buys could shift price 5% while about $7,400 of sells did the same. Groom Lake compared 668 other launches and found zero with that kind of imbalance. LAPTOP shot from $0.05 up to about $317 in under two minutes then crashed 98% below peak in the first hour. Eighty-four seconds after the top the liquidity tied to Market Maker 1 got yanked leaving sellers with zero cash near the quoted price. The report also clocked gains for both market makers with the one linked to Market Maker 1 ending about $686,000 ahead and activity for Market Maker 2 hitting more than $2.1 million in net USDC under their accounting. Biden owned up to hiring the firms and called out the market maker he thinks messed up the launch to buy back tokens and burn them.Founder Wallet Stayed Untouched 🖤
One detail holds stronger on-chain proof. Groom Lake saw the wallet with 300 million LAPTOP founder allocation or 30% of original supply made zero outgoing transfers through October 2. Biden added his own slice stays locked six months then vests over two years. The token trades near $0.08 now up about 10% on the day with market cap around $29 million versus roughly $560 million on launch day. Daily volume jumped 143% from yesterday to $4.6 million per CoinGecko showing fresh activity that lined up with Biden’s report. Reaction stays split lol. Trader Crypto Bitlord thinks Biden got misled by rookie market makers while lawyer Hailey Lennon called the excuse a post-mortem for what still screams rug pull. Yet consultant Nicki Sanders stays cautious noting the founder wallet claim checks out on-chain but the report came from Biden’s team and market makers have not replied publicly. Check the full Groom Lake report here for the deets.Just another echo from the void by iconofsin.eth 💖
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