Among five wallets Nansen examined, one was sitting on a roughly $199,000 total loss after realising $171,000 and holding another $27,900 in unrealised losses. Another that bought about 28,400 LAPTOP without selling was down roughly $118,000.
One address that bought about 49,700 LAPTOP was sitting on roughly $13,000 in unrealised profit at the time of the snapshot.
Nansen put LAPTOP at roughly a $720 million market capitalisation and a $2.1 billion fully diluted valuation even after the fall. Those figures flatter newly launched tokens, because small trades in thin liquidity move the quoted price a long way.
As such, LAPTOP’s team pushed back against suggestions that insiders had an advantage, saying there was no presale and no allocations for investors, influencers or key opinion leaders. The contract address, token allocation, security audit and other disclosures were published before trading began, it said.
“Everyone had the same information, at the same time,” the project said in the Thursday blog post.
It reiterated that ounders’ 30% allocation is locked for six months and vests over two years. Another 30% of supply is tied to a predictions mechanism, under which tokens are either burned or sent to charity depending on the outcome of specified events.
