$LAPTOP Memecoin Still Has Value Despite 99.5% Collapse, Claims Hunter Biden

Hunter Biden has defended his $LAPTOP memecoin after its dramatic collapse shortly after launch. The token initially surged to a market capitalization of $316 billion before plummeting 99.5% within minutes, settling into regular trading at around $0.08215.

Biden attributed the extreme price movement to insufficient liquidity provided by the market maker, stating that the token still has significant value left in it, with a fully diluted valuation (FDV) of around $252 million.

He disputed the characterization of the project as a typical celebrity memecoin, noting that insiders retained 30% of the token supply for liquidity and 20% was intended for community distribution. Biden also claimed that he will publish details of the wallets that traded the token to examine its activity transparently.