Hunter Biden Says $LAPTOP Memecoin Still Has Significant Value Despite 99.5% Collapse
Hunter Biden defended the $LAPTOP memecoin after it fell sharply at launch, saying it still has significant value and that its structure is different from other celebrity-backed tokens. One account of the launch said the token’s fully diluted valuation was about $252 million after violent price swings, including a brief market capitalization near $316 billion.
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Users and market watchers see a token that is still being publicly defended after a very steep first-day drop. The details available point to a launch that drew attention immediately, with a later defense from Hunter Biden and a valuation snapshot that remained large even after the fall.
In practice, the launch still produced a tradable memecoin with a published valuation and market-cap readings, but the sharp swing left its price history unstable from the start. What can be said from these details is that the token was launched, traded, and then described as having fallen 99.5% at launch; what cannot be said is whether that structure changes anything beyond the launch itself.
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