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      $2.08 Million in LAPTOP Sales Linked to Wintermute-Tagged Wallet

      Onchain analyst Lookonchain has reported that a wallet tagged by Arkham as associated with Wintermute sold 466,255 LAPTOP tokens for approximately $2.08 million. This transaction occurred after the wallet received tokens traced back to the Laptop Token project's team. The report indicated that this wallet was part of a 2.5 million-token allocation from the Laptop Token team, with the tokens sold at an average price of $4.47 each.

      Trader Jaider Hurtado noted that the initial market for LAPTOP was characterized by low liquidity. He observed that trading pools on Aerodrome and Uniswap opened with minimal available tokens, resulting in a drastic price drop from $316.75 at 12:03 UTC to around $6 by 12:40 UTC, marking a decline of nearly 98%. Despite this, Hurtado reported a first-hour trading volume of about $10 million, highlighting the challenging launch conditions for buyers.

      The specific relationship between Wintermute and the Laptop Token project remains unclear, as neither Lookonchain nor Arkham provided details on whether the wallet was trading for Wintermute's own account, under a market-making agreement, or on behalf of another party. After the reported sales, the tagged wallet still held a significant balance of LAPTOP tokens, with Arkham displaying 200,745 tokens and BaseScan showing a nearly identical amount.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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