Hunter Biden’s Memecoin Crashes Minutes After Launch
Hunter Biden publicly criticized the failure of his $LAPTOP memecoin, attributing the crash to a "f--k up" after the token lost 99% of its value. The collapse wiped out four out of five investors, while thin crypto liquidity accelerated the shift from a peak valuation to a crash. Additionally, mentions of the coin by Beeple and Eric Trump triggered the burning of 10 million tokens, totaling $3.56 million. The token previously reached a nine billion dollar market cap before falling below six hundred million dollars within one hour.
What changed
Hunter Biden publicly reacted to the collapse and specific token burns totaling $3.56 million were recorded following mentions by Eric Trump and Beeple.
Live updates
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Hunter Biden blames "f--k up" for $LAPTOP memecoin collapse
Hunter Biden publicly criticized the failure of his $LAPTOP memecoin, attributing the crash to a "f--k up" after the token lost 99% of its value. The collapse wiped out four out of five investors, while thin crypto liquidity accelerated the shift from a peak valuation to a crash. Additionally, mentions of the coin by Beeple and Eric Trump triggered the burning of 10 million tokens, totaling $3.56 million. The token previously reached a nine billion dollar market cap before falling below six hundred million dollars within one hour.
Why it matters
The token launched on the Base blockchain and referenced the 2020 campaign saga. It serves as a case study for the volatility of memecoins and the risks associated with low liquidity. One trader reportedly earned one million dollars despite the general loss for investors.
What is confirmed
- Hunter Biden's $LAPTOP memecoin crashed 99% after launch.
- Four out of five investors lost money on the token.
- The token's market cap dropped from nine billion dollars to below six hundred million dollars in one hour.
Still unconfirmed
- Hunter Biden attributed the collapse to a "f--k up" in an online rant.
- Mentions by Eric Trump and Beeple led to the burning of 10 million tokens worth $3.56 million.
- Thin crypto liquidity caused the coin to move from a surge to a collapse.
What to watch next
- Legal or regulatory inquiries into the token launch
- Further public statements from Hunter Biden regarding investor losses
confidence 80%Sources used for this update (6)
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- finance.yahoo.com — Hunter Biden’s LAPTOP Meme Coin Crashed 99% After Launch
- finance.yahoo.com — Hunter Biden crashes out over collapse of his $LAPTOP meme coin: ‘There was a f–k up’
- news.bitcoin.com — Hunter Biden's LAPTOP Burns $3.5M After Eric Trump and Beeple Mentions
- www.financial-world.org — Hunter Biden’s meme coin crash exposes the danger of thin crypto liquidity
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Hunter Biden's $LAPTOP Memecoin Crashes 98 Percent After Launch
Hunter Biden launched a new memecoin named $LAPTOP on the Base blockchain, referencing the 2020 campaign saga. The token peaked within minutes before cratering between 95 and 99 percent in value, wiping out early investors. Four out of five buyers lost money on the token, according to a New York Post report, while one trader walked away with one million dollars. The market cap surged to nine billion dollars before dropping below six hundred million dollars within an hour.
Why it matters
Political memecoins have become a notable intersection of digital currency speculation and high-profile public figures. The sudden volatility surrounding the $LAPTOP token mirrors broader trends in the crypto market where quick pumps are followed by brutal crashes, leaving retail buyers with heavy losses while select traders capture massive gains.
What is confirmed
- Hunter Biden launched a memecoin called $LAPTOP on the Base blockchain, referencing the Hunter Biden laptop saga from the 2020 campaign.
- The token crashed between 95 percent and 98 to 99 percent in value shortly after trading began.
- Four out of five people who purchased the meme coin saw their investment fail massively.
Still unconfirmed
- The market cap for the coin reportedly surged to nine billion dollars and decreased to below six00 million dollars within one hour.
What to watch next
- Whether the team implements its plan to improve market liquidity.
- Further blockchain analysis tracking top-holder wallets and insider trading patterns.
confidence 95%Sources used for this update (4)
- www.aol.com — ‘This journey is far from over’: Hunter Biden's memecoin soars, then crashes 99%, as trading begins
- 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
- 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's $LAPTOP Memecoin Plummets After Initial Surge
The $LAPTOP memecoin launched by Hunter Biden crashed shortly after its debut, losing between 95% and 98% of its value. The token peaked at $190.81 within two minutes of opening on Base before dropping to $3.70. Low liquidity of $2.5 million and bot activity contributed to the rapid decline, which wiped out early investors. Hunter Biden has denied profiting from the crash, while blockchain analysis shows a mix of wallet losses and the appearance of new top-holder wallets.
Why it matters
The coin attempted to leverage the controversy surrounding Hunter Biden's laptop. Its volatility reflects a broader trend of politically linked tokens and a difficult day for altcoins.
What is confirmed
- The $LAPTOP memecoin crashed shortly after its launch.
- The token reached a high of $190.81 within two minutes of opening on Base.
- The coin's value fell to $3.70 following its peak.
- Liquidity for the token stood at $2.5 million.
- The token experienced a launch-day plunge of at least 95%.
Still unconfirmed
- Bots caused the 98% drop in value within hours.
- Bubblemaps identified fresh top-holder wallets.
- Nansen reported wallet losses.
What to watch next
- Verification of Hunter Biden's financial involvement or profit from the token
- Further blockchain analysis of top-holder wallet movements
confidence 90%Sources used for this update (10)
- WSJ — Exclusive | Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin
- Forbes — Hunter Biden’s Memecoin Crashes Minutes After Launch
- The New York Times — Hunter Biden’s Crypto Offering Plummets Upon Launching
- The Washington Post — Hunter Biden’s ‘$LAPTOP’ crypto coin crashes minutes after launch
- Financial Times — Hunter Biden’s $LAPTOP memecoin crashes shortly after launch
- finance.yahoo.com — Hunter Biden LAPTOP memecoin crashes 98% on first day
- 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