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Hunter Biden, the son of former U.S. President Joe Biden, blamed a market maker for sharp price swings in the LAPTOP token immediately after its launch, The Block reported. LAPTOP surged from $0.05 to $317 at launch and then plunged 98% within an hour. According to a report commissioned by the project team, tokens allocated to the founder were not moved at the time. Biden also said he would not leave the project and plans to remain involved.