GoKawiil
Tech News
Donald Trump's official memecoin fell to an all-time low of $1.12 following the US midterm elections, down from $1.70 beforehand and roughly $2.00 a month earlier. The coin's market cap, which once peaked at $72 billion, has shrunk to around $340 million, leaving many of the nearly one million holders sitting on steep losses.
The hacker group Cyberleek, which has been leaking tone-mapped footage from a stolen GTA 6 build, issued an ultimatum demanding Take-Two Interactive apologize and commit to a physical release, or it will leak the full game build including the complete story. The group also says it won't release anything unless its Solana-based memecoin, $CYBERLEEK, reaches a $30 million market cap, which currently sits around $5 million after peaking near $7.6 million.
Governor Gavin Newsom signed legislation prohibiting California's elected officials from issuing memecoins, a cryptocurrency category built around jokes, trends or celebrity personas. The law also bars any company from creating a memecoin using an official's likeness or image, regardless of the official's involvement. Newsom's office cited reports that roughly one million investors lost about $3.8 billion buying the memecoin President Trump launched in 2025 as reasoning for the measure.
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.
Hunter Biden is preparing to launch a cryptocurrency token called LAPTOP, following an extended run of podcast and media appearances that raised his public profile. The move mirrors the memecoin ventures previously pursued by Donald Trump and his family.
The person behind nine days of leaked Grand Theft Auto VI gameplay clips cashed out of the Solana-based $CYBERLEEK token just hours before Rockstar's official Extended Look premiered on Netflix. On-chain data shows the wallet withdrew about $146,000 in wrapped SOL plus millions of accumulated tokens, then sold everything for roughly $125,000, with total proceeds across four wallets estimated near $250,000. The token has since collapsed from a peak of about $0.0344 to roughly $0.002725.