Hunter Biden's LAPTOP Token Crashes, Maintains $1B+ FDV Amid Trump Coin Fallout
Hunter Biden's cryptocurrency project, LAPTOP, has made its debut on the Base network. The token, which was launched under the ticker $LAPTOP, quickly rose to a price of $315 before plummeting to around $1.50. Despite this massive crash, the fully diluted valuation (FDV) of LAPTOP remains at over $1.6 billion and market capitalization is currently at $578 million.
In an unusual move, Hunter Biden has used the launch of LAPTOP as an opportunity to target Donald Trump's TRUMP meme coin. The token was created to address the controversy surrounding Hunter Biden's business dealings and to help investors who lost money due to the fall of the TRUMP coin.
According to Hunter Biden, 20% of the total supply will be distributed through two free token giveaways, with some tokens going directly into wallets that were affected by the TRUMP coin's collapse. Additionally, a portion of the tokens will be linked to predictions related to politics, crypto, and culture, which will either reduce the supply or be donated to charity if they prove incorrect.