$LAPTOP Coin Crashes 98% in First Hour
Hunter Biden's cryptocurrency venture has hit a snag after his laptop-themed meme coin plummeted by 98% in just an hour. The $LAPTOP coin, which was launched on September 9, had initially traded at $37.26 before quickly jumping sixfold to $222.75 within five minutes. However, it soon crashed down to $1.86 just a few hours later.
Biden's X post earlier in the week hinted at the coin's debut, featuring a montage of conservative pundits and politicians ripping into him over his laptop scandal. The development comes as Biden has returned to the public sphere with a bang, launching scathing attacks on Trump, the GOP, and even the Democratic establishment on X ahead of the high-stakes midterm elections.
It's not just Biden's coin that's been hit hard, Trump's own meme coin, $TRUMP, is down 97% from its high of $75.35, while his wife Melania's coin, $MELANIA, has dropped 99% from its top price.