Hunter Biden's Meme Coin Craters 98% in Days

Hunter Biden's meme coin has taken a massive hit since its launch earlier this week. The token, titled 'Hunter Biden's Laptop', saw its market cap surge to $9 billion before plummeting to below $600 million within an hour.

'Meme coins are typically more volatile than established cryptocurrencies,' Bisto, a crypto trading platform, said in a statement. 'Many projects lack the technical infrastructure or long-term roadmaps of more established crypto assets.'

According to an exclusive report from the New York Post, four out of five people who purchased Hunter's meme coin saw their investment fail massively.

Datavault AI CEO Nathaniel Bradley described what happened as a 'rug pull' to the New York Post.