Hunter Biden Denies LAPTOP Scam Claims After 99% Crash

The newly launched LAPTOP meme coin plummeted roughly 98 percent on its first day of trading, sparking heavy losses and scam accusations across the market. The project team quickly rejected claims of foul play, pointing the finger at automated sniper bots and low starting liquidity for the chaotic price action.

Tokens opened at five cents on Base before briefly surging to 199 dollars and then crashing within minutes. Onchain data shows that about 80 percent of traders finished the day underwater, with thousands of wallets taking significant hits. Insiders insist they bought nothing early and that founders are locked into a six month holding period with a two year vesting schedule at Coinbase Custody.

To help stabilize the market, the foundation plans to inject four million tokens into Aerodrome liquidity pools. An additional ten million tokens will be burned to reduce total supply following the resolution of prediction events, including a public mention by digital artist Beeple. Traders should watch the order books closely to see if the fresh liquidity brings any stability to the token.