Hunter Biden’s laptop controversy gets a memecoin afterlife

The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.

Hunter Biden’s LAPTOP memecoin fell 86.5% in its first 30 minutes of trading on Wednesday, as the son of former US President Joe Biden officially entered the market for politically themed cryptocurrencies.

The token, issued on Ethereum layer-2 network Base, traded at $26.88 at 12:30 pm UTC, after opening at $199.50, according to CoinGecko data. It recorded more than $2.5 million in trading volume.

“The symbol they used to try to end me is now a symbol of resilience, redemption and recovery,” Biden said in an X post on Wednesday, responding to public backlash.

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