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Hunter Biden Faces Significant Criticism After $LAPTOP Meme Coin Loses 95% of Its Value Within Hours
The token opened at $37.26 and peaked near $225 before falling to about $0.60, CoinMarketCap data showed.
- Hunter Biden's $LAPTOP meme coin plummeted 98% by Thursday after surging from $37 to nearly $225 within minutes of its Tuesday debut, devastating investors.
- The son of former President Joe Biden announced the project Monday, inspired by the 'laptop saga' conspiracy theories from his father's presidency, allocating 30% of tokens to founders and charities.
- Addressing backlash on X, Biden blamed a market maker's error, claiming they 'only put in $5,000 of liquidity' while the demand surged, pledging 'I am in this to the end, a 100%.'
- Social media users piled on accusations of a 'rug pull,' comparing the token to failed celebrity ventures including the $TRUMP coin and Hailey Welch's HAWK token from 2024.
- DavidWeisberger, a Wall Street veteran and co-founder of trading platform CoinRoutes, dismissed the launch as 'That was maybe the most predictable rug pull in in human history,' highlighting broader meme coin volatility.
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Hunter’s Crash: Sunday’s Comic
Hunter Biden’s meme coin crushed 4 out of 5 buyers while one mystery trader raked in $1M: ‘Classic rug pull’ Four out of five people who bought into Hunter Biden’s new meme coin saw their investments go up in smoke during the cryptocurrency’s spectacular launch-day collapse on Wednesday — even as one mystery trader turned...
·Glendale, United States
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Fox BusinessReposted by 
The New York Ledger
The New York LedgerHunter Biden lashes out after $LAPTOP meme coin collapse
Hunter Biden's laptop meme coin collapsed after a liquidity shortage at launch. One mystery trader made nearly $1 million while 80% of buyers suffered investor losses.
·New York, United States
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New York PostReposted by 
BizToc
BizTocHunter Biden crashes out over collapse of his $LAPTOP meme coin: ‘There was a f–k up’
Hunter Biden publicly crashed out over the spectacular collapse of his meme coin, ranting online about the "f--k up" that crushed four out of five investors.
·New York, United States
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Coverage Details
Total News Sources20
Leaning Left2Leaning Right7Center2Last UpdatedBias Distribution64% Right
Bias Distribution
- 64% of the sources lean Right
64% Right
L 18%
C 18%
R 64%
Factuality
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