Hunter Biden’s LAPTOP token saw nearly 80% of traders lose money despite promises to fight memecoin grift. About 88 wallets collectively captured roughly $5.57 million in profit, while 12,151 out of 15,206 traders recorded losses. The token plunged more than 95% within 30 minutes after briefly hitting a $144 billion theoretical valuation, though the liquidity pool contained only around $48,000. Hunter Biden had explicitly warned before launch that no one should expect the token’s value to increase, framing ownership as an expression rather than an investment.
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