Hunter Biden's LAPTOP memecoin blames bots after 98% crash
Hunter Biden's LAPTOP memecoin launched Wednesday on Coinbase's Base network, spiking to $190.81 within two minutes of opening before collapsing as low as $3.70 in the first hour — wiping out nearly all value after reaching a $1.6 billion market cap. Onchain records show tokens had been pre-distributed to market makers a week before trading opened.
The team now blames thin liquidity and automated trading for the distorted launch, while Nansen data shows some early buyers sitting on six-figure losses. The implosion follows intense pre-launch backlash: Kraken deleted a promotional post after criticism, and a media group named in the distribution publicly distanced itself. Hunter Biden has defended the token and called the TRUMP token a "grift."
Sources
- Hunter Biden’s LAPTOP blames bots after 98% crash as traders rack up six-figure lossescoindesk.com ↗
- LATEST: Hunter Biden's $LAPTOP memecoin hit $190.81 within two minutes of opening on Base on Wednesday, then fell as low as $3.70 inside the first hour. @OKnightCrypto reports. https://t.co/6EvhKg6FVT https://t.co/DLyMLo023Ex.com ↗
- Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debutcoindesk.com ↗
- Crypto traders turn on Hunter Biden’s LAPTOP memecoin before it even launchescoindesk.com ↗
- Hunter Biden debuts 'LAPTOP' memecoin targeting TRUMP holderscoindesk.com ↗
- JUST IN: Hunter Biden plans to launch a memecoin on September 9 via Coinbase's Base network, allocating 20% to investors who lost money on $TRUMP and up to 30% to be burned if Democrats win the 2028 presidential election, per WSJ. https://t.co/jsjVQ3s7sUx.com ↗
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