$LAPTOP Crashes to Almost Zero Amid Hunter Biden-Linked Controversy

Cardano founder Charles Hoskinson has mocked the collapse of $LAPTOP, a memecoin associated with Hunter Biden. The token skyrocketed to nearly $320 after launching on Base but lost over 99% of its value within hours.

The dramatic reversal left many buyers facing significant losses, with over 80% of wallets that purchased $LAPTOP in the red following the launch. Several of the token's largest holders appear to be newly funded wallets, raising questions about their true intentions.

Hoskinson joked on X that $LAPTOP's 'true purpose' was to eventually match the price of a used MacBook Pro. Hunter Biden rejected claims that $LAPTOP was a rug pull, attributing the extreme price swings to limited liquidity, technical issues, and predatory trading bots.