Another Setback: Major Losses in the LAPTOP Memecoin Launched by Joe Biden’s Son

The $LAPTOP memecoin, launched by Hunter Biden, made headlines after its sharp price drop following its launch. According to data published by Bubblemaps, approximately 80% of participants who bought and sold the token suffered losses, with the company describing the market situation as a “bloodbath.”

According to profit and loss data shared by Bubblemaps, two investors lost between $100,000 and $1 million. Approximately 100 investors lost more than $10,000, and 700 investors lost more than $1,000. In addition, it was stated that approximately 11,000 investors faced smaller losses.

The sharp drop in the price of the $LAPTOP token after its launch also attracted the attention of political figures. US President Donald Trump’s son, Eric Trump, retweeted a post about the token’s price collapse, mocking Hunter Biden.

Eric Trump wrote in his post, “Hunter should go back to painting.” The comment was interpreted as a reference to Hunter Biden’s past paintings, which were controversial due to their high sales prices.

In a post reposted by Eric Trump, it was claimed that the $LAPTOP token’s price dropped by approximately 98 percent within minutes of its launch. The same post also noted that the project planned to distribute $LAPTOP tokens to some investors who lost money on Donald Trump’s TRUMP memecoin.

The $LAPTOP project was inspired by Hunter Biden’s “laptop incident,” which dominated US politics in 2020.

*This is not investment advice.