Hunter Biden’s laptop controversy gets a memecoin afterlife
The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.
[Update, Sept. 9, 1 p.m. UTC: Updates LAPTOP’s price performance and volume after its first hour of trading.]
Hunter Biden’s LAPTOP memecoin fell 95.7% in its first hour of trading on Wednesday, as the son of former US President Joe Biden officially entered the market for politically themed cryptocurrencies.
The token, issued on Ethereum layer-2 network Base, traded at $4.36 at 1:00 pm UTC, after opening at $199.50, according to CoinGecko data. It recorded more than $3 million in trading volume.