Hunter Biden's LAPTOP token team blamed sniper bots and thin liquidity for the memecoin's collapse, as early onchain data showed some traders sitting on six-figure losses after it fell as much as 98% from its opening levels. The team said it will deploy another 4 million tokens from Sept. 10 to incentivize liquidity on Aerodrome pools. Blockchain analytics firm Nansen's data revealed some early buyers incurred losses of approximately $199,000 and $118,000. The team also denied suggestions of insider advantage, stating all information was published before trading began and founders' allocations are locked.