Hunter Biden’s LAPTOP memecoin fell 86.5% in its first 30 minutes of trading on Wednesday, dropping from $199.50 to $26.88, with trading volume exceeding $2.5 million. Issued on Ethereum layer-2 network Base, the political token has a fixed supply of 1 billion units, with 350 million in circulation at launch. Founders, including Biden, are allocated 30% of the tokens, locked for six months and then vested monthly over 24 months. The project reserves 2% of the supply for investors who lost money on Donald Trump’s TRUMP token.
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