Hunter Biden’s laptop-linked meme coin soars, then falls after market debut
A meme token tied to Hunter Bidens laptop, trading as $LAPTOP, experienced a dramatic rise and fall Wednesday after its market debut. The coin jumped from about $37 to roughly $222 in its first hour, then was trading near $1.36 just after 3 p.m. EDT, according to CoinMarketCap.
Why It Matters
The rapid swing highlights how quickly newly launched meme tokens can move in price and drew attention because of the token's link to a high-profile figure. Reported price data from CoinMarketCap shows the extreme intraday volatility.
Key Facts
- Token: $LAPTOP
- Association: Linked to Hunter Biden's laptop
- Initial price movement: Surged from $37 to around $222 within its first hour
- Price after launch: Trading around $1.36 just after 3 p.m. EDT
- Source for price figures: CoinMarketCap
A meme cryptocurrency connected to Hunter Bidens laptop and listed under the ticker $LAPTOP saw wild price swings on Wednesday following its market debut. The token climbed sharply in its earliest trading before reversing course later the same day.
Within the first hour after launch, $LAPTOP increased from about $37 to roughly $222, according to market data. Hours later the price had collapsed, with CoinMarketCap showing the token trading near $1.36 shortly after 3 p.m. EDT.
Market tracking site CoinMarketCap provided the reported price levels. The sequence of a rapid initial surge followed by a steep fall occurred over the course of the tokens first trading session, underscoring the swift intraday movement in this particular listing.
No additional details about trading volume, the tokens creators, or factors behind the price swings were included in the reported figures.
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