Hunter Biden Faces Significant Criticism After $LAPTOP Meme Coin Loses 95% of Its Value Within Hours
The token briefly jumped from $37 to nearly $225 before sliding to about $0.60, fueling rug-pull accusations from traders.
- On Tuesday, Hunter Biden launched the $LAPTOP meme coin, which surged to nearly $225 within minutes before crashing 98% to about $0.60 by Thursday.
- The son of President Joe Biden announced the project on Monday, inspired by the 'laptop saga' conspiracy theories that fueled criticism during his father's presidency.
- Hunter Biden defended the launch on Friday, blaming a $5,000 liquidity error by the market maker in the first 30 seconds: "I am in this to the end, a 100%," he said.
- Investors labeled the project a "rug pull," drawing parallels to other failed celebrity-backed crypto ventures including $TRUMP and HAWK that devastated participants financially.
- Wall Street veteran DavidWeisberger of CoinRoutes called the launch "the most predictable rug pull in human history," citing a familiar 'one-day pump and dump' pattern in meme coins.
19 Articles
19 Articles
Hunter 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.
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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.
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Hunter Biden's $LAPTOP meme coin investors claim to have lost years of savings, with some seeking their hard-earned money back while Biden assured them of some form of remedy.
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So, how goeth the Hunter Biden redemption tour? It’s hard to keep track nowadays. Back in the olden times, we were supposed to believe that this crack-addled nepo-baby was seriously […]
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