Market Insider said the market capitalization of LAPTOP, a token linked to Hunter Biden, had fallen below $25 million, down 99.9% from its launch, and estimated that the project team made an eight-figure profit. Hunter Biden later pushed back on that claim. He said he had already described the token launch as 「very bad」 and added that the accounts tied to the project were still being reviewed. He also said wallets associated with the project team had not sold any LAPTOP tokens so far. In his response, Biden challenged the estimate that the team had cashed out an eight-figure sum and asked whoever made that calculation to disclose the wallet addresses used to support it. The exchange centers on whether the project team actually sold tokens and realized gains, as opposed to estimates based on market activity or token price declines.
On Sept. 26, Market Insider said the market capitalization of LAPTOP, a token linked to Hunter Biden, had fallen below $25 million, down 99.9% from launch, and estimated that the project team made an 「8-figure」 profit.
Hunter Biden later responded by saying he had previously described the token launch as 「very bad」 and that the related accounts were still under review.
He also said wallets tied to the project team had not sold any LAPTOP tokens to date. Biden disputed the claim that the team had cashed out an eight-figure amount and asked the person who made that estimate to publish the wallet addresses behind the calculation.
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