Hunter Biden Explains 'LAPTOP' Meme Coin Crash Amid Liquidity and Sniping Claims

Hunter Biden, son of former U.S. president Joe Biden, has released a video clarifying the rapid 98% price drop of his 'LAPTOP' meme coin, which saw its value plummet within minutes after launch. He stated that the failure was largely due to market makers supplying only $5,000 in initial liquidity, causing the token price to spike to $316 before crashing. Biden added that the project was prepared for six months, with team tokens locked and no personal profit made, vowing to continue leading it 100%.

CoinMarketCap data shows LAPTOP trading at $0.4283 after a 48.54% drop over the past 24 hours.