Hunter Biden's $LAPTOP memecoin crashes after launch amid allegations of insider selling

Hunter Biden launched the $LAPTOP memecoin on Coinbase's Base network on September 9, 2026, aiming to reclaim the narrative of his infamous laptop controversy. However, the token crashed by 95% to 99% within its first hour of trading. While Hunter Biden blamed the collapse on thin liquidity and predatory snipers, blockchain data revealed that a wallet tagged as market maker Wintermute sold 466,255 LAPTOP tokens for $2.08 million on launch day, sparking insider selling allegations.

$LAPTOP memecoin price crash

• ▪Journalist Andrew Callaghan and his Channel 5 YouTube channel disowned the $LAPTOP project, stating they had no involvement and deleted their subscriber list before any promotional emails were sent.
• ▪Hunter Biden blamed the $LAPTOP price crash on predatory snipers and insufficient launch liquidity, denying that any project founders or team members sold their locked tokens.
• ▪Base founder Jesse Pollak stated that the Base network team made a conscious decision not to assist with the design or promotion of Hunter Biden's $LAPTOP token.
• ▪Hunter Biden's $LAPTOP memecoin launched on September 9, 2026, on Coinbase's Base network and crashed by 95% to 99% within its first hour of trading.
• ▪The $LAPTOP token opened at $199.50 and plummeted to under $2.00 on September 9, 2026, recording over $3 million in first-hour trading volume.

Wintermute token sales

• ▪The Wintermute-tagged wallet sold 466,255 LAPTOP tokens on the open market for approximately $2.08 million, at an average price of $4.47 per token on September 9, 2026.
• ▪Blockchain analytics firm Lookonchain reported that a wallet tagged by Arkham as market maker Wintermute received 2.5 million LAPTOP tokens from the $LAPTOP project team.
• ▪On-chain data showed that the Wintermute-tagged wallet retained over 2 million LAPTOP tokens following its initial sales on the September 9, 2026 launch day.

Hunter Biden infamy monetization

• ▪The project's disclosures state that the $LAPTOP token is a digital collectible with no utility, ownership rights, voting rights, or promises of profit.
• ▪Hunter Biden stated that the $LAPTOP memecoin was an effort to reclaim the narrative surrounding his personal laptop, which was used by political opponents and federal prosecutors.
• ▪The $LAPTOP token allocation includes 30% tied to prediction-linked pools that will be burned if specific events occur, or donated to charity if they do not.
• ▪The $LAPTOP token has a total supply of one billion, with 30% allocated to founders under a six-month lock and 24-month vesting period.

Political figure cryptocurrencies

• ▪Hunter Biden's $LAPTOP token project allocated 2% of its total supply to airdrop to crypto wallets that lost money on Donald Trump's $TRUMP memecoin.
• ▪Hunter Biden criticized Donald Trump's cryptocurrency ventures, calling the $TRUMP token a grift and accusing World Liberty Financial of using political influence for founder benefit.
• ▪Multiple public figures, including Donald Trump, Melania Trump, Eric Adams, and Caitlyn Jenner, have launched highly volatile memecoins that experienced sharp price drops after launching.

Debatable claims

• ▪Hunter Biden's $LAPTOP token is a legitimate form of political expression
• ▪Cryptocurrency platforms should refuse to promote political memecoins