$LapTop Meme Coin Crashes After Brief Rally
Hunter Biden's meme coin, $LAPTOP, saw an unexpected surge in value after its market debut on September 9, 2026. The cryptocurrency quickly rose from $37 to around $222 within its first hour of trading.
However, the price of $LAPTOP plummeted hours later, dropping by approximately 95% and trading at around $1.36 just after 3 p.m. EDT, according to Coinmarketcap.com.
The coin's performance is consistent with the typical lifespan of meme coins, which often experience a surge in value due to social media hype but ultimately fail to sustain their gains.
Hunter Biden had expressed skepticism about meme coins on social media before the launch of $LAPTOP, stating that he understood the cynicism surrounding them and questioning why someone would support such an investment.