by WorldTribune Staff / 247 Real News September 9, 2026
Hunter Biden’s crypto coin, which he calls $LAPTOP, lost roughly 98% of its value within an hour of its launch on the Base blockchain on Wednesday.
The token briefly spiked as high as $190 to over $220 within minutes of opening before rapidly plummeting to between $1.70 and $4.77.
Forbes noted: “While tracking sites showed a high fully diluted valuation in the billions, the actual pooled liquidity backing the trading volume was remarkably small (around $2.5 million or less during peak volatility), meaning individual tokens hold very little stable or practical real-world value.”
Hunter Biden and the project’s other founders retained 30% of the 1 billion issued tokens, locked for an initial six-month period.
According to Coinbase, coins were distributed to market makers and an “unknown address” ahead of today’s launch:
“A multisig that Arkham tags as a Laptop Token wallet received 100 million LAPTOP — a tenth of total supply — seven days before launch and has since distributed around 42.5 million of it, BaseScan data shows.
“Market maker GSR received 15.5 million tokens four days before the open, routed through an intermediary address. GSR has been distributing since, including transfers of 9 million, 1.5 million and 500,000 tokens on Wednesday. Wintermute holds around 1.8 million in a hot wallet, and balances have appeared at Bitvavo, Kraken, KuCoin and Bitpanda deposit addresses, Arkham shows.
“The largest single transfer, 14.5 million tokens, went to an unlabelled address roughly two hours before trading opened. Neither Arkham or BaseScan identifies the recipient.”
Hunter Biden first discussed the crypto venture in June, in a post to X: “Things we’re told to fight about: Me. Laptop. Vaccines. Transgenders in sports. Pronouns.”
He followed up with a reply laying out his views on digital currency: “Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death.”
Freedom Rocks! Until It Is Gone
Value of Hunter Biden’s crypto coin plummets 98% in one hour added by Editor Two on
View all posts by Editor Two →