Hunter Biden Launching $LAPTOP Memecoin Amid Praise For Crypto
Hunter Biden denies any wrongdoing after his newly launched LAPTOP memecoin crashed 98 percent in value shortly after trading began. The token, built on the Base blockchain and referencing the Hunter Biden laptop saga from the 2020 campaign, suffered a severe launch-day plunge that left four out of five buyers with losses. While one anonymous trader walked away with $1 million, on-chain analytics firms Nansen and Bubblemaps reported wallet losses and flagged fresh top-holder wallets. Eric Trump also issued a pointed jab amid the token collapse.
What changed
The LAPTOP token crashed nearly 98 percent within an hour of trading, prompting a denial of foul play from Hunter Biden.
Live updates
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Hunter Biden Denies Profiting After LAPTOP Token Crashes 98 Percent
Hunter Biden denies any wrongdoing after his newly launched LAPTOP memecoin crashed 98 percent in value shortly after trading began. The token, built on the Base blockchain and referencing the Hunter Biden laptop saga from the 2020 campaign, suffered a severe launch-day plunge that left four out of five buyers with losses. While one anonymous trader walked away with $1 million, on-chain analytics firms Nansen and Bubblemaps reported wallet losses and flagged fresh top-holder wallets. Eric Trump also issued a pointed jab amid the token collapse.
Why it matters
Political memecoins have emerged as a volatile speculative vehicle, drawing heavy retail participation alongside rapid price swings. The swift collapse of the LAPTOP token follows an initial surge and highlights the severe financial risks facing buyers in celebrity-backed cryptocurrency projects. Blockchain analytics providers immediately scrutinized wallet activity to track fund movements during the steep market decline.
What is confirmed
- Hunter Biden denied profiting from the LAPTOP token after a steep launch-day crash.
- The LAPTOP token lost nearly 98 percent of its value within hours of its launch.
- Nansen reported wallet losses and Bubblemaps flagged fresh top-holder wallets following the crash.
- The token references the Hunter Biden laptop saga that dogged the 2020 campaign and launched on the Base blockchain.
Still unconfirmed
- Hunter Biden blamed bots for the token crash.
What to watch next
- Further on-chain data regarding top-holder wallet activity and developer token sales.
- Official statements or actions from regulatory bodies regarding celebrity memecoin launches.
confidence 90%Sources used for this update (4)
- cointelegraph.com — Hunter Biden denies profiting from memecoin after his LAPTOP crashes
- finance.yahoo.com — LAPTOP coin crashes as Hunter Biden blames bots and Eric Trump fires back
- finance.yahoo.com — Hunter Biden's crypto follows other political meme coins as it craters 98% in a day
- upolitics.com — Hunter Biden Meme Coin $LAPTOP Crashes 98% In Value – One Trader Walked Away With $1M While 4 Out Of 5 Buyers Lost Money
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Hunter Biden Launches LAPTOP Memecoin on Base
Hunter Biden launched the LAPTOP memecoin on the Base network, featuring a total supply of 1 billion tokens. Disclosures show a 30% founder allocation alongside event-based token burns. The project includes an airdrop targeting traders who lost money on the TRUMP coin. The launch follows a series of podcast appearances by Biden and defends the asset by comparing it to TRUMP. The rollout immediately encountered controversy, with Kraken deleting a promotional post and figures like Andrew Callaghan distancing themselves from the project.
Why it matters
Political figures and their families entering the cryptocurrency sector have drawn intense scrutiny, particularly when leveraging personal controversies for token branding. The LAPTOP token emerges amid broader concerns from traders regarding market volatility and potential exit strategies by creators. This launch tests the appetite for politically charged memecoins tied to specific historical controversies.
What is confirmed
- Hunter Biden launched the LAPTOP memecoin on the Base network.
- The token features a total supply of 1 billion tokens with a 30% founder allocation and event-based token burns.
- Kraken deleted a promotional post for the memecoin.
- Andrew Callaghan distanced himself from the crypto project.
Still unconfirmed
- The token reserves a 2% or 20% airdrop specifically for TRUMP-loss wallets depending on conflicting disclosure reports.
What to watch next
- Any official response or policy action from Kraken regarding the deleted promotional post
- Market performance of the 1 billion token supply and founder allocation movements
- Further statements from Andrew Callaghan regarding his involvement or distance from the project
confidence 90%Sources used for this update (5)
- blockonomi.com — Hunter Biden Launches LAPTOP Memecoin on Base Network
- coinpedia.org — Hunter Biden’s LAPTOP Memecoin Goes Live: Tokenomics Explained
- gizmodo.com — Hunter Biden’s Crypto Memecoin Launch Went Even Worse Than Predicted
- finance.yahoo.com — Hunter Biden Taps LAPTOP Controversy to Launch New Memecoin, Reportedly Plans Airdrop for TRUMP Coin Investors Who Lost Money
- cointelegraph.com — Hunter Biden’s laptop controversy gets a memecoin afterlife
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Hunter Biden launches $LAPTOP memecoin on Base network
Hunter Biden launched the $LAPTOP memecoin on September 9, featuring a total supply of 1 billion tokens on the Base network. The token targets holders of Trump-linked crypto, with 20% of the supply reserved as airdrops for traders who lost money on the president's token. The coin includes a burn mechanism tied to the 2028 election. While the launch follows a series of podcast appearances by Biden, it has triggered immediate backlash from cryptocurrency traders concerned about potential rug pulls.
Why it matters
The launch follows Hunter Biden's previous description of the Trump family's crypto ventures as corruption at a scale never seen before. It marks his entry into the cryptosphere using the notoriety of his personal laptop.
What is confirmed
- Hunter Biden launched the $LAPTOP memecoin on September 9.
- The token is launched on the Base network.
- The total token supply is 1 billion.
- Hunter Biden is providing free tokens to people who lost money on TRUMP.
- The coin features a burn mechanism linked to the 2028 election.
Still unconfirmed
- 20% of the supply is reserved specifically for traders who lost money on the president's token.
- The launch follows a months-long online media tour of podcast appearances.
What to watch next
- Market performance and liquidity of $LAPTOP following the launch
- Verification of airdrop distributions to TRUMP token holders
- Updates on the 2028 election-linked burn mechanism
confidence 95%Sources used for this update (10)
- 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
- The Hill — Hunter Biden to launch crypto meme coin
- 247wallst.com — Hunter Biden Called Trump’s Crypto Empire “Corruption at a Scale We’ve Never Seen.” Now He’s Launching His Own Memecoin.
- coincentral.com — Hunter Biden Is Launching a Memecoin and Sending Free Tokens to People Who Lost Money on TRUMP
- finance.yahoo.com — Hunter Biden’s $LAPTOP Memecoin Hits Base Sept. 9
- gizmodo.com — Hunter Biden to Launch Trump-Esque Crypto Token Following Online Media Tour
- finance.yahoo.com — Hunter Biden launches $LAPTOP memecoin, trolls Trump by promising that 20% will be reserved for traders who lost money on president’s token