Donald Trump · Joe Biden · Cointelegraph
Hunter Biden confirms LAPTOP token ‘not a rug pull,’ just trolling Trumps
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“Trump’s coin was max extraction, and colleagues wanted to troll every grift like it,“ said Hunter Biden in a breakdown of the memecoin launch and fallout.
Key facts
- The nonprofit consumer advocacy organization Public Citizen estimated that $TRUMP memecoin investors lost $3.2 billion since its 2025 launch
- According to Biden’s posts, one market maker made $686,000 from liquidity positions on decentralized exchanges, while the other “took in about $2.18 million more than it spent“ through trading
- Last week, the group behind the $TRUMP memecoin announced that the president will appear at his golf club in Washington, DC alongside three unnamed speakers and the top 185 tokenholders for a Nov
- Eighty-four seconds after the price topped out, Market Maker 1 withdrew its money
Summary
Hunter Biden, son of former US President Joe Biden, released a full accounting of the memecoin he helped launch last month based on the reports of his infamous laptop. In a series of X posts on Wednesday, Biden provided blockchain data confirming that 300 million tokens in wallets associated with the founders of the $LAPTOP memecoin “haven’t moved since launch.” Biden added that charts tracking the price of the memecoin “looked like every celebrity rug ever” shortly after launch on Sept.