[REVISION HISTORY]

Hunter Biden LAPTOP memecoin market volatility

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2026-09-10 10:44 UTC → 2026-09-11 00:22 UTC · added ~~removed~~

The politically themed memecoin ‘LAPTOP’, launched by Hunter Biden on the Base network, experienced extreme price volatility and a massive collapse shortly after its debut. Initial reports indicated the token spiked to prices near $200, reaching a theoretical valuation of approximately $144 billion, before plummeting by over 99% to below $1 within an hour. Subsequent details noted the peak may have reached between $222 and $300. This crash resulted in significant losses for the majority of the approximately 15,000 affected wallets, though some early traders reportedly realized substantial profits. On-chain analysis indicates that approximately 80% of participants suffered financial losses. The project’s structure, which included a 30% supply allocation for the founding team and specific airdrops, has drawn scrutiny regarding potential selling pressure. While some analysts characterized the rapid decline as a ‘classic rug pull’, there have been no formal findings of ~~fraud~~ fraud. Hunter Biden has denied allegations of insider trading or ~~evidence~~ profiting from the crash, stating that ~~Biden~~ the team’s token allocation remains locked and that he has not personally ~~sold tokens during~~ made money from the ~~crash.~~ project. He attributed the volatility to insufficient liquidity and the presence of trading bots, known as ‘snipers’, which capitalize on rapid price movements. Biden has previously defended the project as a ‘symbol of resilience’ and noted that certain tokens would be burned or donated to charity based on future political events, such as a Democrat winning the 2028 US presidential election.

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