Exclusive | Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin
Hunter Biden's $LAPTOP meme coin lost 98% of its value shortly after its September 9 launch on the Base network. More than 15,000 investors suffered major losses, with 80% of buyers seeing their investments fail. The token's market cap spiked to $9 billion before dropping below $600 million within one hour. While one mystery trader reportedly earned nearly $1 million, Hunter Biden reacted to the collapse by ranting online that there was a "f--k up."
What changed
Hunter Biden publicly admitted a "f--k up" caused the collapse and reports now specify over 15,000 investors lost money.
Live updates
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Hunter Biden blames "f--k up" for $LAPTOP meme coin crash
Hunter Biden's $LAPTOP meme coin lost 98% of its value shortly after its September 9 launch on the Base network. More than 15,000 investors suffered major losses, with 80% of buyers seeing their investments fail. The token's market cap spiked to $9 billion before dropping below $600 million within one hour. While one mystery trader reportedly earned nearly $1 million, Hunter Biden reacted to the collapse by ranting online that there was a "f--k up."
Why it matters
The token references the laptop controversy from the 2020 presidential campaign. This launch follows a trend of political meme coins and occurs amid broader volatility for onchain assets.
What is confirmed
- The $LAPTOP meme coin value decreased by 98% following its launch.
- Four out of five buyers suffered investment losses.
- One mystery trader made nearly $1 million during the volatility.
- Hunter Biden stated online that there was a "f--k up" regarding the collapse.
Still unconfirmed
- The coin's collapse was caused by a liquidity shortage at launch.
- The market cap reached $9 billion before falling below $600 million in one hour.
What to watch next
- Verification of the mystery trader's identity
- Official statements on potential regulatory investigations into the coin's launch
confidence 90%Sources used for this update (7)
- decrypt.co — Morning Minute: Hunter Biden’s LAPTOP Crashes
- finance.yahoo.com — Hunter Biden's crypto follows other political meme coins as it craters 98% in a day
- www.baltimoresun.com — Hunter Biden’s meme coin reportedly down 98% since being launched this week
- nypost.com — Hunter Biden crashes out over collapse of his $LAPTOP meme coin: ‘There was a f–k up’
- finance.yahoo.com — Hunter Biden’s $LAPTOP coin causes ‘bloodbath’ for investors. How to protect yourself
- www.foxbusiness.com — Hunter Biden lashes out after $LAPTOP meme coin collapse
- futurism.com — Hunter Biden’s $LAPTOP Meme Coin Is Either a National Disgrace or the Funniest Thing He’s Ever Done, and We’re Not Entirely Sure Which
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Hunter Biden $LAPTOP Meme Coin Crashes on Launch Day
Hunter Biden launched the $LAPTOP meme coin on Coinbase's Base network on September 9, referencing the 2020 presidential campaign controversy. The token experienced a volatile debut, spiking to values between $190.81 and $300 before crashing by 95% to 98% within minutes. Four out of five buyers suffered investment losses, while a mystery trader reportedly generated $1 million. Hunter Biden denied profiting from the collapse, even as analytics firms reported wallet losses and flagged suspicious top-holder wallets associated with the digital asset.
Why it matters
Political meme tokens have drawn intense speculative trading, following precedents like Donald Trump's TRUMP token. The launch included a 20% allocation meant for investors who lost money on the TRUMP token. Critics and investors immediately warned against the digital asset before the volatile collapse occurred on its opening day.
What is confirmed
- Hunter Biden launched the $LAPTOP meme coin on Coinbase's Base network on September 9.
- The token hit $190.81 within 2 minutes of opening on Base before falling to $3.70.
- Hunter Biden denied profiting from the token after its launch-day plunge.
- Nansen reported wallet losses and Bubblemaps flagged fresh top-holder wallets following the crash.
Still unconfirmed
- Hunter Biden's crypto coin crashed as hard as a crackhead coming down from a long bender.
- Four out of five people who bought into the meme coin saw their investments go up in smoke during a classic rug pull.
- One mystery trader raked in $1 million during the launch.
What to watch next
- Further blockchain analysis identifying the mystery trader who profited from the token launch.
- Official regulatory or platform responses to the Base network token collapse.
confidence 90%Sources used for this update (7)
- finance.yahoo.com — Why is the Hunter Biden LAPTOP Launch Facing Backlash from Investors?
- nypost.com — Hunter Biden’s $LAPTOP meme coin rockets from $3 to $300 — then crashes within minutes
- finance.yahoo.com — Hunter Biden is launching a new meme coin called '$LAPTOP'
- finance.yahoo.com — Hunter Biden LAPTOP memecoin crashes 98% on first day
- nypost.com — Hunter Biden’s meme coin crushed 4 out of 5 buyers while one mystery trader raked in $1M: ‘classic rug pull’
- cointelegraph.com — Hunter Biden denies profiting from memecoin after his LAPTOP crashes
- finance.yahoo.com — Hunter Biden's LAPTOP Coin Creates A Crypto Millionaire and a $200,000 Bagholder
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Hunter Biden launching $LAPTOP memecoin targeting TRUMP token holders
Hunter Biden is launching a cryptocurrency meme coin called $LAPTOP on Coinbase's Base network on September 9. The token references the laptop controversy from the 2020 presidential campaign. The launch includes a 20% allocation for investors who lost money on the $OFFICIAL TRUMP token. Hunter Biden promoted the coin via a social media video on Monday featuring news clips and politicians. The project aims to capitalize on the trend of political tokens, though critics have already warned potential buyers against the investment.
Why it matters
The laptop in question was a major point of contention during Joe Biden's 2020 presidential run. This move follows a broader trend of political figures and their associates launching volatile tokens that often experience rapid price swings.
What is confirmed
- Hunter Biden is launching a memecoin named $LAPTOP.
- The coin is inspired by the laptop controversy from the 2020 presidential campaign.
- The launch is scheduled for September 9 on Coinbase's Base network.
- The tokenomics include a 20% allocation for investors who suffered losses on $OFFICIAL TRUMP.
Still unconfirmed
- The project includes a plan to burn up to 30% of the supply if Democrats win.
What to watch next
- The official launch of the token on September 9
- Market performance and price volatility of $LAPTOP following the airdrop
- Verification of the 30% supply burn condition
confidence 95%Sources used for this update (11)
- CoinDesk — Hunter Biden debuts 'LAPTOP' memecoin targeting TRUMP holders
- CNN — Hunter Biden is reportedly launching a meme coin inspired by his infamous laptop
- WSJ — Exclusive | Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin
- forbes.com — Hunter Biden Launching $LAPTOP Memecoin Amid Praise For Crypto
- Moomoo — JUST IN: Hunter Biden to launch a memecoin on Coinbase’s Base network on September 9, per WSJ. The tokenomics include a 20% allocation for investors who took losses on $OFFICIAL TRUMP (TRUMP.CC)$, plus a plan to burn up to 30% of supply if Dem
- The Hill — Hunter Biden to launch crypto meme coin
- finance.yahoo.com — Hunter Biden’s Sept. 9 LAPTOP Memecoin Targets TRUMP Losers — Critics Warn ‘Don’t Buy It’
- finance.yahoo.com — Hunter Biden's laptop now has its own meme coin
- www.businessinsider.com — The latest mashup of crypto and politics: Hunter Biden's laptop
- www.ms.now — Hunter Biden launches meme coin inspired by 2020 laptop scandal
- www.baltimoresun.com — Hunter Biden to launch $LAPTOP meme coin tied to infamous laptop controversy