Hunter Biden Denies Profit From LAPTOP Memecoin After 95% Launch Crash

Hunter Biden has denied profiting from his LAPTOP memecoin following a brutal launch-day price crash that wiped out more than 95% of the token's value within the first hour of trading on Wednesday. Several X users accused the Base-based project of a "rug pull," but Biden pushed back in a post on X, insisting the team's token allocation is locked and that no one on his side sold. "I, personally, have not made a single dollar," Biden wrote, attributing the steep decline to insufficient liquidity and so-called sniper bots that rapidly scooped up tokens when trading opened. At press time, LAPTOP had partially recovered and was trading around $0.8562, according to CoinGecko.

The LAPTOP team reinforced that defense in a Medium post, claiming there was no presale, no stealth deployment, and no hidden supply benefiting insiders. The project pointed to a published contract address, a Hacken security audit, and a white paper as evidence of transparency, though it acknowledged the initial $0.05 pool lacked the market maker liquidity needed to absorb demand. To stabilize the token, the team announced plans to deploy 4 million tokens, or 0.4% of total supply, as liquidity incentives for Aerodrome pools starting at midnight UTC Thursday, and to burn 10 million tokens, roughly 1% of the original supply, through its predictions program within the first week.

The memecoin takes its name from the MacBook Hunter Biden reportedly left at a repair shop in 2019, the contents of which became a flashpoint in the 2020 US presidential election after Trump allies cited files purportedly from the device in New York Post reporting. Biden's entry into crypto comes after he publicly criticized the Trump family's ventures, calling World Liberty Financial an example of political influence used to benefit founders. According to project disclosures, founder allocations total 300 million tokens, or 30% of the 1 billion supply, locked for six months and vesting monthly over the following 24 months.