Hunter Biden responded to the sharp crash of his LAPTOP meme coin after the token faced instability launching on the Base blockchain. LAPTOP reportedly rose to as high as $199 and then the price of the token fell to around $3.70, with losses reaching as much as 99%.
Hunter denied the claim that the project was a rug pull, saying that the demand exceeded the supply. He also mentioned that the liquidity could not keep pace and technical problems combined with setting bots create multiple price movements. He also claims that the team’s tokens remain locked and he personally has not earned revenues from the project.
As you may have seen, the LAPTOP memecoin saw a sharp swing in token price during its first hours of trading.
The headlines are all the same.
Token down 99%. Rug pull. Biden Crime Family. The list goes on.
This is far from the truth.
The reality is that available liquidity…
— Hunter Biden (@HunterBiden) September 9, 2026
At the time of writing, the price of the token is down by 96.9% ...
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