Joe Biden · CryptoSlate
Hunter Biden shipped LAPTOP to cure memecoin grift and published a whole new batch of losers
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Hunter Biden’s LAPTOP token left nearly 80% of traders underwater within hours despite being pitched as an answer to memecoin grift.
Key facts
- Another wallet spent 100 ETH, then worth about $249,800, to buy 9,124 LAPTOP before selling 8,480 tokens for 472 ETH, worth about $1.18 million
- One wallet withdrew $250,000 from Binance before the launch and spent $200,000 buying 919 LAPTOP at an average price around $218
- Blockchain analysis firm Lookonchain identified one trader who spent 900 USDC to acquire 2,268.56 LAPTOP at about 40 cents each, then rapidly sold the position for 251,270 USDC at an average price
- Those 88 traders collectively generated about $5.57 million in profit, helping leave aggregate trader P&L slightly positive at roughly $178,000 despite almost four out of every five participants
Summary
01 Nearly 80% of LAPTOP traders lost money, while 88 wallets collectively captured about $5.57 million in profit. 02 Thin liquidity sent the token from a brief $144 billion theoretical valuation to a 95% plunge within 30 minutes. 03 Fresh-wallet concentration and shallow markets raise scrutiny over launch fairness, while founders’ locked allocation limits immediate selling. Data from Bubblemaps showed that 12,151 of the token’s 15,206 traders lost money, while only 3,026 were profitable and 29 were at break-even or held positions that could not be priced.