Hunter Biden's LAPTOP Memecoin Implodes After Less Than One Hour

Hunter Biden's LAPTOP memecoin launched on Base on September 9 and quickly turned into a pump-and-dump case. The token's value plummeted from nearly $200 to around $2 within hours of its launch, representing a staggering loss of more than 99% in value.

The Uniswap liquidity became active only after the token had already fallen by over 90%, further exacerbating the price drop. Critics have called for full wallet disclosures and independent audits due to concerns about a potential rug pull.

Hunter Biden defended his project, stating that it is intended as a political statement rather than an investment product. He emphasized that he and his team would not provide price support for the LAPTOP memecoin, leaving investors to fend for themselves.