Odaily Planet Daily reports that, according to GMGN data, the meme coin LAPTOP launched by Hunter Biden, son of former U.S. President Biden, has fallen below $1, currently trading at $0.739—a decline of approximately 99% from its peak price after listing, nearing zero, with a 24-hour trading volume of only about $15.1 million.
Hunter Biden previously responded to the LAPTOP token's crash, stating that external reports focused on claims such as “the token plummeted 99%,” “the team ran away,” and “the Biden family engaged in criminal activity,” but these claims are inaccurate. At launch, market interest was excessively high, and existing liquidity could not support the demand, compounded by technical issues and “snipers” attempting to front-run liquidity providers, causing a short-term price spike. The team’s token holdings are locked, and no team members have sold or can sell their tokens; he personally “did not earn a single dollar.”
Odaily reminds users that meme coin prices are highly volatile; investors should proceed with caution.