Odaily Planet Daily reports: Hunter Biden, son of former U.S. President Biden, responded on X to the initial price volatility of the LAPTOP Meme coin and related “Rug Pull” allegations, stating that the liquidity available at LAPTOP’s launch was insufficient to meet market demand, and that the price surge followed by a decline was influenced by technical issues and sniper trading; the price has now stabilized.
Hunter Biden stated that the team's token allocation has been locked, with no team members selling tokens, and he has not received any proceeds from LAPTOP. The fully diluted valuation (FDV) of LAPTOP currently exceeds $1 billion, and the team is exploring options to optimize liquidity while continuing to advance community building.
It also responded to claims of freely distributing laptops to users who lost money on TRUMP, stating that describing the initiative as a "failure" does not reflect the reality, and emphasized that the project will continue to be pursued long-term.
According to GMGN data, LAPTOP is currently trading at $1.851.
For more information about LAPTOP, read: “Biden’s Son Launches Meme Coin LAPTOP, Plans Airdrop for TRUMP Holders”.