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Biden's Laptop Memecoin Implodes on Debut

Guavy AI Editorial Team
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Hunter Biden's LAPTOP memecoin has fallen by 95.7% in its first hour of trading on Wednesday, as his father Joe Biden officially entered the market for politically themed cryptocurrencies.

The token, issued on Ethereum layer-2 network Base, traded at $2.0977 at 3:45 pm UTC, after opening at $199.50, according to CoinGecko data. It recorded more than $13.4 million in trading volume.

Most of the top holders are wallets funded in the past 10 days, according to onchain data visualization platform Bubblemaps.

Biden responded to public backlash with a post on X, saying 'The symbol they used to try to end me is now a symbol of resilience, redemption and recovery.'

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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