TLDR Tech / Crypto
Hunter Biden's LAPTOP airdrops briefly worth over $1 million each before 99% crash
Hunter Biden airdropped 4,276 LAPTOP tokens on Base to each Substack subscriber enrolled before September 6, with those allocations carrying a theoretical peak value of roughly $1.3M per wallet when the token hit $300 in its first hour. Thin order depth made executing sales near that peak infeasible for most recipients, and the token shed over 99% within minutes, settling near $2. Airdrop recipients who held through the collapse could still redeem approximately $8,000 per wallet, a sharp contrast to the 11,500+ wallets that bought during the run-up, leaving over 80% of those purchasers in the red. Supply is split 10% to community airdrop, 30% to founders under six-month lockups and 24-month vesting schedules, and 30% tied to real-world prediction outcomes that either burn tokens or redirect them to charity.
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