Hunter Biden’s memecoin flops, falling 95% just hours after launch
Investor appetite for memecoins has clearly not recovered, even as bitcoin prices have crept higher.
Hunter Biden, son of former President Joe Biden, is launching a cryptocurrency meme coin called $LAPTOP. The coin's ticker symbol references the controversy surrounding his personal laptop that emerged in 2020. According to The Hill, Hunter Biden teased the launch with a video compiling clips from news outlets.
The meme coin is set to launch on September 9 on the Base platform, with some tokens being sent to wallets that lost money on $TRUMP, as reported by Techmeme and Decrypt. Cointelegraph reports that Hunter Biden plans to distribute 200 million of the LAPTOP tokens to his Substack subscribers, members of a mailing list, and investors in President Donald Trump's memecoin, Official Trump (TRUMP).
The laptop at the center of the controversy was a subject of scrutiny before the 2020 election and has been invoked by right-wing media figures. Cointelegraph also notes that since his father left office in January 2025, Hunter Biden has been critical of the Trump family's involvement with the crypto industry through its World Liberty Financial business.
Brief written by urgent.news from The Hill, Techmeme, Cointelegraph, Decrypt — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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