According to CoinMeta, Hunter Biden's team stated that technical failures and "sniper" robots caused the project to collapse by nearly 98% within an hour of its launch. The team denied any instances of them absconding with funds, claiming that their tokens were still locked and insisting that Biden did not personally profit from the project. On-chain tracking data shows that project-related wallets received 100 million tokens before the launch, and more than 42 million of these were sold after trading began. A trader's investment of $200,000 plummeted to around $3,000 in a short period. The team referred to this launch as a "bloody massacre," indicating that most traders suffered losses. The project has reserved 20% of its total supply for community airdrops, including those holders who lost money on Trump's related project.