LAPTOP token price "breaks $1," down about 99% since launch

Odaily reports that according to GMGN data, the price of LAPTOP, a Meme coin launched by Hunter Biden, son of former U.S. President Joe Biden, has fallen below $1 and is now trading at $0.739, down about 99% from its post-launch high and nearly worthless, with 24-hour trading volume of only about $15.1 million.

Hunter Biden previously responded to the LAPTOP token crash by saying that outside reports have focused on claims such as the "token crashing 99%," "rug pull," and "Biden family crime," but these are inconsistent with the facts. When the project launched, market attention was excessively high, and existing liquidity could not support demand. Combined with technical issues and the actions of "snipers" trying to front-run liquidity providers, this caused a short-term price spike. The team's token allocation has been locked, and team members have not sold and cannot sell; he himself "did not earn a single dollar."

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate cautiously.