Hunter Biden’s LAPTOP Token Leaves Nearly 80% of Traders Underwater

Hunter Biden’s LAPTOP memecoin left nearly 80% of traders with losses within hours of its launch, according to data cited by CryptoSlate. The token was presented as an answer to what its promotion described as memecoin grift. Bubblemaps data showed that 12,151 of the 15,206 traders recorded losses. Only 3,026 traders were profitable, while 29 broke even. Hunter Biden is the son of former US President Joe Biden. The distribution of outcomes highlights the rapid losses experienced by most participants despite the token’s stated aim of addressing problems associated with speculative memecoins.