A memecoin launched by Hunter Biden’s team, named LAPTOP and issued on the Ethereum Layer-2 network Base, experienced an immediate 86.5% drop in its first 30 minutes of trading, falling from an opening price of $199.50 to $26.88 by 12:30 UTC, according to CoinGecko. The token recorded over $2.5 million in trading volume on its debut, reflecting both speculative interest and skepticism over its political underpinnings. The project’s founders, including Biden, allocated 30% of the 1-billion-token supply to a vesting schedule over six years, with an additional 2% reserved for wallets that lost funds on the TRUMP memecoin, per its whitepaper disclosures.
Hunter Biden’s memecoin LAPTOP drops 86.5% in debut, tied to political backlash
A politically themed cryptocurrency launched by Hunter Biden’s team saw a steep 86.5% decline in its first 30 minutes, as critics questioned its legitimacy amid broader skepticism toward memecoins tied to political figures.
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Marcus Webb · Crypto Desk · 16 Sept 2026 · 11:18 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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