Hunter Biden Denies Profiting From LAPTOP Memecoin After 99% Launch-Day Crash

Hunter Biden Denial After 99% Plunge

Hunter Biden has denied making a single dollar from his LAPTOP memecoin, which collapsed more than 99% within roughly one hour of trading on the Base network Wednesday after briefly climbing above $300, according to DexScreener data. Several X users accused the project of a rug pull after the token shed over 95% of its value in the opening hour; it last changed hands at $0.8562, according to CoinGecko data. “The team’s allocation is locked. Nobody on our side sold, and nobody could have,” Biden wrote on X Wednesday, adding, “I, personally, have not made a single dollar.” He blamed the drawdown on insufficient starting liquidity and “snipers” — automated bots that buy new tokens the moment a trading pool goes live. The token’s name references the MacBook Biden reportedly left at a repair shop in 2019, whose purported contents fueled New York Post reporting used against him and his father during the 2020 election. Before launching, Biden had criticized the Trump family’s ventures, writing in an Aug. 21 post that World Liberty Financial used political influence and leverage to benefit its founders. Biden did not respond to a request for comment.

wrote on Xhttps://x.com/HunterBiden/status/2097790749861638547

Aerodrome Liquidity and Token Burns

In a community update, the LAPTOP team rejected the rug-pull framing, saying it ran no presale, allocated nothing to investors or influencers, and published the contract address, token allocations, a Hacken security audit and a white paper — filed with the Dutch regulator AFM under MiCA — before a single trade. “There was no stealth deployment, no hidden supply, and no surprise to benefit insiders,” the team said in a Medium post, adding that the initial pool launched at $0.05 per token into demand its market maker could not service. As remediation, 4 million tokens, 0.4% of the 1 billion supply, will be deployed as incentives for Aerodrome liquidity pools from midnight UTC on Sept. 10. The team also confirmed 10 million tokens — 1% of the original supply — will burn within the first week after two of the project’s 30 predictions resolved “yes”; one 5 million-token market settled when digital artist Beeple referenced the coin. Under the disclosures, founders hold 30% of supply locked for six months and vesting over 24 months in Coinbase Custody. Another 30% funds predictions across political, cultural and crypto events whose outcomes are confirmed on-chain, in the manner of a blockchain oracle, burning tokens or routing them to charity. A further 2% is reserved for wallets that lost money on the TRUMP memecoin, 8% for eligible “Where’s Hunter” Substack subscribers in a crypto faucet-style giveaway of 4,276 tokens each, and 10% for future airdrops.

Bubblemaps Flags Fresh Top Holders

On-chain forensics sharpened the controversy. Blockchain analytics platform Bubblemaps reported Wednesday that roughly 60% of LAPTOP’s top-holder wallets had no prior on-chain activity, with most funded within the previous 10 days — many on launch day itself. Its trader-level analysis found about 80% of LAPTOP buyers underwater across more than 11,500 wallets: two addresses were down between $100,000 and $1 million, roughly 100 wallets lost more than $10,000, and about 700 were down over $1,000. Wallet intelligence data shared Thursday showed one LAPTOP wallet carrying an unrealized loss of $117,800 and another a paper loss of $12,300, while two others showed gains of $13,100 and $1,800 — none of the four had sold at snapshot time. The same dataset counted 46,675 buy transactions against 16,038 sells over 24 hours, from 20,085 unique buyers and 8,714 unique sellers. Separately, Biden said X suspended the LAPTOP foundation’s account on Wednesday, stating he is “not going anywhere.” The bot-capture pattern here differs from flash loan attacks, where attackers borrow and repay within a single transaction, but the outcome for late buyers is similar. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

Liquidity, Not Celebrity, Sets Outcomes

Taken together, the crash, the remediation plan and the on-chain record form one arc: memecoin launches now live or die on liquidity engineering rather than political fame. The project’s own public statements confirm the sequence — a pool opened at $0.05 into demand its market maker could not meet, and the response (4 million tokens to Aerodrome pools plus a 10 million-token burn) amounts to an admission the launch failed structurally. Prediction-linked burns, which settle like a Polymarket position, may distinguish LAPTOP’s tokenomics, but they cannot repair a broken order book. Until depth matches demand, headline names alone will keep pricing tokens above $300 — and back toward cents — within the same hour.