LAPTOP token sale of $2.08 million linked to Wintermute‑tagged wallet
Large LAPTOP token sale linked to Wintermute‑tagged wallet
On the day the LAPTOP token launched, an address identified by Arkham as belonging to the market‑making firm Wintermute sold 466,255 LAPTOP tokens for roughly $2.08 million. The tokens came from a 2.5 million‑token allocation that the project team gave to the same address.
Key numbers
- Tokens sold: 466,255 LAPTOP
- Sale proceeds: about $2.08 million
- Average price: $4.47 per token
- Initial allocation to address: 2.5 million LAPTOP
- Remaining balance after sale: ~200,745 LAPTOP
Launch market conditions
Trader Jaider Hurtado reported that the Aerodrome and Uniswap pools for LAPTOP opened with almost no liquidity. The displayed price dropped from $316.75 at 12:03 UTC to about $6 at 12:40 UTC, a fall of roughly 98 %. Despite the thin pools, he noted about $10 million of first‑hour trading volume.
What is confirmed
- The address 0x4B3F1048C55Faa0C0873e249E541139360501f2a received part of a 2.5 million‑token team allocation.
- The address sold 466,255 LAPTOP tokens for $2.08 million at an average price of $4.47.
- Arkham labels the address as Wintermute‑tagged.
- The address still holds about 200,745 LAPTOP after the sale.
- Price fell from $316.75 to $6 within 37 minutes after launch.
What remains unclear
- The exact nature of the relationship between Wintermute and the LAPTOP project is not disclosed.
- It is not known whether the reported sales passed through the Aerodrome or Uniswap pools described by Hurtado.
Why it matters
Large token sales by a known market‑making address can affect price stability, especially when launch pools have little liquidity. The steep price drop illustrates the risk for early buyers in such conditions.
