Bankless · Friday, September 11, 2026
Hunter Biden launched a meme coin called 'Laptop' on the Base chain, aiming to symbolize resilience and compensate victims of 'Trump's meme coin grift.' However, the coin crashed 99% shortly after launch. Biden blamed 'predatory snipers' and claimed his team couldn't sell, but a community note identified multiple wallets receiving large allocations before launch and selling them. This mirrors a recurring pattern of failed insider meme coin launches.
“The laptop, Biden said, Hunter Biden said, had been turned into a weapon against him, but he was turning it into a token, a symbol of resilience, redemption, and recovery.”
“After crashing 99%, Hunter Biden had to go to Twitter to defend the launch on X. He blamed predatory snipers and also claimed that no one on the Hunter Biden team or in the Hunter Biden insider circle were able to sell any tokens, which earned himself a community note, which identified multiple wallets receiving 100 million tokens, 10% of the supply, before the launch and sold them all.”
“Blame snipers. Say you're doing this for some positive reason. Wait, the Libra coin, the Argentina coin. The Malay, yeah. But I don't want to blame Malay because he was just kind of a useful idiot, unfortunately. But, like, we've seen this movie so many times before.”