$LAPTOP Token Crashes From $190 to Under $2, Hitting 15,000 Wallets

Q: How much did insiders quietly pocket in transaction fees while the $LAPTOP token plummeted 95 percent in mere hours?

There is no verified public figure yet for how much insiders “quietly pocketed” in fees from $LAPTOP’s collapse. What is documented is that the token generated substantial early trading activity while the price cratered. Reports cited roughly $6 million in trading volume by midday, and onchain reporting said about $19 million changed hands in the first hour across 314 pairs. That means fee income for whoever controlled launch infrastructure, liquidity, market-making or any built-in tax could have been meaningful. But the available reporting does not provide a confirmed breakdown showing how much went specifically to Hunter Biden, co-founders, market makers, exchanges, or other insiders. The clearest onchain evidence of insider-linked activity is separate from fees: Arkham reported that a project-linked multisig had been sent 100 million tokens before launch and had already offloaded about 42.5 million of them, while 15.5 million tokens were routed to market maker GSR and another 14.5 million to an unidentified wallet before trading began. Those transfers suggest insiders or affiliated parties were active around launch, but they do not establish a precise fee take. So the best factual answer is that the amount remains undisclosed. Based on the reported volume, fees likely ran into at least tens of thousands of dollars and possibly much more, depending on pool fees and any project-linked revenue share, but no reliable source has yet published an audited total.

3 articles · Updated · The Washington Post · Sep 9

$LAPTOP lost nearly all its value within minutes of Wednesday's launch, falling from about $190 per token to less than $2.
Bubblemaps said roughly 80% of buyers lost money because the token supply was extremely concentrated before launch, leaving it vulnerable to a rapid sell-off.
More than 15,000 crypto wallets were hit in what Bubblemaps called a "bloodbath," according to CEO Nicolas Vaiman.
Hunter Biden had pitched the meme coin as a community- and charity-focused effort to reclaim the "laptop" symbol and help people who lost money on Trump's $TRUMP coin; he had not publicly commented after the crash.