Wintermute Sells 466,255 LAPTOP Tokens After Receiving 2.5 Million

TLDR

• Wintermute received 2.5 million LAPTOP tokens from the token team.
• The firm sold 466,255 tokens for about $2.08 million at an average price of $4.47.
• The sale equals roughly 18.7% of Wintermute’s reported allocation.
• LAPTOP launched September 9 on Coinbase’s Base network.
• Wintermute still holds about 2.03 million tokens after the sale.

Wintermute has sold a portion of its LAPTOP token holdings on-chain, according to blockchain analytics firm Lookonchain. The sale has drawn attention because it involves a large market-making allocation tied to a newly launched meme coin.

Lookonchain reported that Wintermute received 2.5 million LAPTOP tokens directly from the token team. The firm then began selling a portion of those tokens on the open market.

As of the latest data, Wintermute has sold 466,255 LAPTOP tokens. The sale brought in approximately $2.08 million at an average price of $4.47 per token.

That amount equals roughly 18.7% of Wintermute’s total reported allocation. The firm still holds about 2.03 million LAPTOP tokens.

The data comes from on-chain tracking tools including Arkham, which monitors wallet activity across public blockchains. These figures confirm the sales took place but do not reveal Wintermute’s full trading strategy.

How LAPTOP Launched

LAPTOP launched on September 9 on Base, the blockchain network built by Coinbase. The launch was first reported by The Wall Street Journal.

The token carries a total supply of one billion. According to the report, 30% of the supply was set aside for founders.

Another 20% was allocated to people affected by failed meme coins and followers of the project. The remaining tokens were split between liquidity, charity and administrative costs.

Base describes itself as an open and permissionless blockchain. Tokens and applications built on the network operate independently from Coinbase.

This means LAPTOP’s presence on Base is not an endorsement from Coinbase. The token’s political branding has also made public sentiment a bigger price driver than typical project fundamentals.

What the Sale Means for Holders

Market makers like Wintermute often receive token allocations to support liquidity. Selling tokens does not automatically signal a negative view of a project.

Lookonchain also reported that Wintermute may not be the only market maker involved. GSR Markets and G20 were named as other possible participants supporting the token.

Still, confirmed sales can add pressure to a token’s price when liquidity is limited. This is especially true in the days right after a launch.

Wintermute’s remaining 2.03 million tokens represent a possible future supply overhang. If demand slows while more tokens enter circulation, the price could face added pressure.

A single wallet transfer does not prove every token will be sold immediately. Market makers often hold inventory for hedging or trade execution rather than pure selling.

Traders watching LAPTOP will likely track further wallet movement in the coming days. Additional transfers from Wintermute or other allocated wallets could offer more clues about supply trends.

As of the latest report, Wintermute’s confirmed sale stands at 466,255 LAPTOP tokens worth about $2.08 million, with roughly 2.03 million tokens still held by the firm.

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