GoKawiilHunter Biden's $LAPTOP memecoin crashes 98% within an hour of launch
Hunter Biden launched a memecoin called $LAPTOP on Wednesday, which briefly spiked to $190.81 per token before collapsing to $3.70 within an hour, wiping out its fully diluted valuation from $144 billion to $4.8 billion. Roughly 80 percent of buyers reportedly lost money, following the classic pattern of early holders cashing out on hype before the coin's value cratered.
GoKawiil's interpretation of the reporting above, not reported fact.
The episode mirrors similar celebrity and political-family memecoin ventures, including the Trump family's crypto projects, showing how public figures are increasingly using their names to launch speculative tokens with no underlying utility. It underscores ongoing concerns about memecoins as vehicles for wealth transfer from retail investors to early insiders, often with little regulatory oversight.
- $LAPTOP's value fell from a $144 billion fully diluted valuation to $4.8 billion in under an hour.
- About 80% of buyers of the token lost money, a hallmark of typical memecoin 'rug pull' patterns.
- Biden framed the coin as reclaiming the 'laptop' controversy narrative, but its crash fits a broader trend of political figures cashing in on crypto hype.
Source: futurism.com — Joe Wilkins, 2026-09-11
Published there as: “Hunter Biden’s $LAPTOP Meme Coin Is Either a National Disgrace or the Funniest Thing He’s Ever Done, and We’re Not Entirely Sure Which”
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