Crypto
LAPTOP Meme Coin Linked to Hunter Biden Plunges 86.5% in 30 Minutes
LAPTOP, a meme coin linked to Hunter Biden, son of former US President Joe Biden, suffered a sharp decline shortly after its trading debut. The token plummeted 86.5% within about 30 minutes of trading beginning.
The project's founders were allocated 300 million tokens, or 30% of the total supply, which will be locked for six months and then unlocked in monthly installments over 24 months.
LAPTOP was issued on Base, Ethereum's layer-2 network, with a circulating supply of 350 million tokens at launch. The token has no utility, governance rights, or profit-sharing rights, described by the project as a digital collectible.