Robinhood Meme Coins Decline Amid Reports of Hunter Biden’s Potential Meme Token

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PONS
$0.6522-19.69%
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CASHCAT
$0.1634-19.78%
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AI
$0.01942-3.09%
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MEME
$0.000519-7.97%
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Bitcoin news broke late Tuesday as Robinhood’s meme coins plummeted following reports that Hunter Biden may launch a meme token called $LAPTOP. PONS fell nearly 9%, CASHCAT nearly 10%, AI over 10%, MEME more than 20%, and Microduck over 25%. Ethereum news saw no direct impact, but the broader meme coin sector weakened. Market caps dropped sharply, with MEME’s falling to $910 million. The price movements followed the 22:50 Beijing time announcement.

According to Huoxing Finance, following news that Hunter Biden, son of former U.S. President Joe Biden, is set to launch a meme coin named $LAPTOP after his "laptop incident," popular meme coins within the Robinhood ecosystem have broadly declined. PONS fell nearly 9% after its coin announcement, with its market cap dropping to $726 million; CASHCAT dropped nearly 10% after its announcement, with its market cap falling to $190 million; AI fell over 10% after its announcement, with its market cap currently at $179 million; MEME plunged over 20% after its announcement, with its market cap dropping to $910 million; microduck dropped over 25% after its announcement, with its market cap falling to $17 million. Price calculations are based on data as of 22:50 Beijing Time following the coin announcements.

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