Mars Finance reports that on September 10, on-chain data showed that the LAPTOP multisig address received 100 million tokens (10% of the total supply) approximately seven days before launch. During the token launch, this address transferred and distributed around 42.5 million tokens, including approximately 15.5 million to market maker GSR and another 14.5 million to an unmarked address. The community has raised concerns, noting significant discrepancies between this distribution and the published tokenomics. However, Hunter Biden responded this morning stating he did not profit from the token issuance.
Laptop Multisig Address Distributes 42.5M Tokens Before Listing, Some Sold for Profit
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Summary
LAPTOP exchange listing news emerged as on-chain data revealed a multisig address distributed 42.5 million tokens prior to the token’s listing. The address received 100 million tokens (10% of the total supply) seven days earlier. During the listing, 15.5 million tokens were sent to market maker GSR, and 14.5 million to an unmarked address. The tokenomics discrepancy has sparked community debate. Hunter Biden claimed no personal profit from the token issuance. On-chain activity continues to highlight unusual pre-listing movements.
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