Hunter Biden’s ‘$LAPTOP’ crypto coin crashes minutes after launch
Hunter Biden publicly criticized the failure of his $LAPTOP meme coin, calling the collapse a "f--k up" after the token lost 98% to 99% of its value. The crash impacted four out of five investors. The coin previously peaked at nearly $200 before falling to between $2 and $3.70. While the project launched with a $1.6 billion market cap, it lacked sufficient liquidity, starting with only $2.5 million. Biden has denied profiting from the token, blaming the price drop on liquidity issues and bots.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ The $LAPTOP cryptocurrency crashed 98% to 99% following its launch.
- ✓ The coin's value dropped from a peak of nearly $200 to between $2 and $3.70.
- ✓ The project launched with a $1.6 billion market cap but only $2.5 million in liquidity.
What changed
Hunter Biden publicly admitted there was a "f--k up" regarding the coin's collapse.
Live updates
-
Hunter Biden reacts to $LAPTOP coin collapse after 99% price drop
Hunter Biden publicly criticized the failure of his $LAPTOP meme coin, calling the collapse a "f--k up" after the token lost 98% to 99% of its value. The crash impacted four out of five investors. The coin previously peaked at nearly $200 before falling to between $2 and $3.70. While the project launched with a $1.6 billion market cap, it lacked sufficient liquidity, starting with only $2.5 million. Biden has denied profiting from the token, blaming the price drop on liquidity issues and bots.
Why it matters
The $LAPTOP token is part of a broader trend of political meme coins that experience extreme volatility. This specific project failed rapidly due to a mismatch between its high initial valuation and low available liquidity. The event highlights the risks associated with celebrity-linked cryptocurrency launches.
What is confirmed
- The $LAPTOP cryptocurrency crashed 98% to 99% following its launch.
- The coin's value dropped from a peak of nearly $200 to between $2 and $3.70.
- The project launched with a $1.6 billion market cap but only $2.5 million in liquidity.
Still unconfirmed
- The collapse of the coin crushed four out of five investors.
- Hunter Biden denied profiting from the token and blamed bots for the crash.
What to watch next
- Evidence of liquidity improvements promised by the coin's development team
- Further public statements from Hunter Biden regarding investor losses
confidence 90%Sources used for this update (5)
- mynews13.com — SpaceX successfully launches latest Starlink mission
- Business Insider — Hunter Biden's crypto follows other political meme coins as it craters 98% in a day
- finance.yahoo.com — Hunter Biden’s LAPTOP Meme Coin Crashed 99% After Launch
- nypost.com — Hunter Biden crashes out over collapse of his $LAPTOP meme coin: ‘There was a f–k up’
- www.coingabbar.com — Laptop Coin Price Crash 99%: What’s Behind It and What’s Ahead?
-
Hunter Biden's $LAPTOP Memecoin Crashes Following Debut
The $LAPTOP cryptocurrency launched with a $1.6 billion market cap but crashed nearly 98% to 99% within hours of trading. The coin peaked at nearly $200 before plummeting to between $2 and $3.70. Hunter Biden has denied profiting from the token, attributing the collapse to bots and liquidity issues. The project launched with only $2.5 million in liquidity, contributing to the rapid price drop that wiped out early investors. The team behind the coin stated the journey is far from over and intends to improve market liquidity.
Why it matters
Politically linked tokens often exhibit extreme volatility. This specific offering sought to address the laptop controversy surrounding Hunter Biden. The crash occurred during a broader downturn for several altcoins and onchain assets.
What is confirmed
- The $LAPTOP memecoin crashed between 98% and 99% shortly after launch.
- The coin's price peaked at nearly $200 before falling below $4.
- Hunter Biden denied profiting from the memecoin.
- The token launched with a $1.6 billion market cap and $2.5 million in liquidity.
- The price drop occurred within the first hour of trading.
Still unconfirmed
- The crash was a rug pull involving a team sell-off.
- Nansen reported wallet losses while Bubblemaps flagged new top-holder wallets.
What to watch next
- Evidence of team sell-offs or wallet transfers
- Implementation of the team's liquidity improvement plan
confidence 95%Sources used for this update (14)
- WSJ — Exclusive | Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin
- Forbes — Hunter Biden’s Memecoin Crashes Minutes After Launch
- The New York Times — Hunter Biden’s Crypto Offering Plummets Upon Launching
- The Washington Post — Hunter Biden’s ‘$LAPTOP’ crypto coin crashes minutes after launch
- Financial Times — Hunter Biden’s $LAPTOP memecoin crashes shortly after launch
- qz.com — Hunter Biden's laptop memecoin soared, then crashed nearly 98% on its first day
- Bloomberg.com — Hunter Biden’s ‘Laptop’ Memecoin Surges, Then Plummets on Debut
- cointelegraph.com — Hunter Biden denies profiting from memecoin after his LAPTOP crashes
- decrypt.co — Morning Minute: Hunter Biden’s LAPTOP Crashes
- thecurrencyanalytics.com — Hunter Biden’s Memecoin Crashes 98% in Hours Due to Bots and Low Liquidity
- www.ibtimes.co.uk — From $190 to Under $2: Hunter Biden's $LAPTOP Crypto Coin Crashes Minutes After Launch
- www.cryptonewsz.com — Hunter Biden’s LAPTOP Crash: 99% Fall Sparks Explosive Rug Pull Claim
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community