Hunter Biden launches memecoin $LAPTOP, value crashes within hours
Hunter Biden launched a memecoin called $LAPTOP on Wednesday, naming it after the laptop at the center of past political controversies. The token, which started trading on Coinbase's Base network, briefly reached a market value over $100 billion before losing more than 99% of its value within the first hour. Biden and his partners hold 30% of tokens, locked for six months, and another 20% is set aside for giveaways to traders who lost money on Trump's memecoin and other subscribers.
- Token debuted September 9 on Coinbase's Base network
- Initial valuation topped $100 billion, then plunged sharply
- 30% of tokens held by founders, locked for six months
- 20% reserved for Trump coin traders and subscribers
- Platforms pulled back promotion after criticism emerged
Sources covering this
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