# Hunter Biden Releases Financial Audit of LAPTOP Memecoin to Refute Rug Pull Claims

- URL: https://stocks.freetheai.org/news/hunter-biden-releases-financial-audit-of-laptop-memecoin-to-refute-rug-pull-f1e613
- Published: 2026-10-07T18:00:10Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [KRAKEN:LAPTOPUSD](https://stocks.freetheai.org/symbols/KRAKEN-LAPTOPUSD)
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Hunter Biden released a comprehensive financial accounting for the LAPTOP (KRAKEN:LAPTOPUSD) memecoin, providing blockchain data to confirm that 300 million founder-associated tokens have not been moved since the project launched on September 9. The disclosure aims to prove the project was not a "rug pull" scheme, despite a steep price decline from a peak of approximately $317 to current levels under ten cents. Today, the token rose 16.94% to trade at 0.087 USD.

The published data indicates that the sharp post-launch price drop was driven by two hired professional trading firms acting as market makers. One firm generated $686,000 from decentralized exchange liquidity, while the other took in $2.18 million more than it spent. Biden stated the project was created as a transparent alternative to "max extraction" celebrity tokens and was specifically intended to troll cryptocurrency ventures associated with the Trump family.

The founder tokens are scheduled to remain locked for six months after the initial launch, and the development team plans to continue burning unclaimed tokens from airdrops. Meanwhile, political crypto controversies continue to build as President Donald Trump is scheduled to host an event for his own tokenholders on November 22, amid reports that investors in his coin have suffered billions of dollars in losses.

## Key points

- Hunter Biden published blockchain records confirming that 300 million founder-held LAPTOP tokens have not been moved since launch.
- The project's steep price decline was attributed to two hired professional trading firms that withdrew liquidity shortly after the token peaked at $317.
- Biden stated the token was created to troll Trump family crypto projects and highlight transparency in celebrity-backed digital assets.
- Founder tokens are scheduled to remain locked for six months from the September 9 launch date while unclaimed airdrop tokens are burned.

## Questions and answers

### Did Hunter Biden cash out his LAPTOP memecoin holdings?

No. Blockchain data confirms that 300 million tokens in wallets associated with the project founders have remained unmoved and are locked for six months following the September 9 launch.

### Why did the LAPTOP token price drop so quickly after launch?

The rapid price drop was driven by two hired professional trading firms acting as market makers, which withdrew their funds and liquidity immediately after the token reached its peak price of about $317.

### What was the stated purpose of the LAPTOP memecoin?

Hunter Biden stated the project was launched to troll Trump family cryptocurrency ventures and highlight the lack of transparency in other celebrity-backed tokens.