Hunter Biden has reiterated his defense of the LAPTOP token against scam allegations, stating that on-chain wallet records can verify the project's legitimacy. He explained that a market maker provided approximately $5,000 in liquidity at launch, meaning a mere $6 purchase could have inflated the market cap by roughly 5%, addressing concerns regarding first-minute trading activity and transparency.
Biden also highlighted what he described as widespread misunderstandings about the cryptocurrency industry among Democrats. His comments came via a reposted interview on X, directly responding to ongoing scrutiny surrounding the token's launch mechanics and initial market behavior.
Hunter Biden Defends LAPTOP Token, Cites Wallet Records as Proof Against Scam Allegations
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