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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.
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Decrypt broke the news in New York, United States on Thursday, September 10, 2026.
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