Hunter Biden's LAPTOP Team Denies Rug Pull After Crash

Highlights

LAPTOP briefly touched a $110 billion market cap before crashing more than 99% within an hour.
The project blames predatory sniper bots and thin initial liquidity at its $0.05 launch price.
Hunter Biden denies a rug pull, saying he personally made no money from the launch.
Bubblemaps data shows roughly 80% of traders lost money, with two individuals down $100K-$1M each.

Hunter Biden's LAPTOP memecoin is facing rug-pull accusations after the token rocketed to a peak market capitalization of roughly $110 billion and then collapsed more than 99% within its first hour of trading. The token launched at $0.05 before spiking above $300 as demand overwhelmed available liquidity, then crashed to around $0.84 by early Thursday, according to The Block. The project's team has since pushed back publicly, insisting the collapse was a liquidity failure rather than an inside job.

In a statement, the team said the initial liquidity pool launched into demand it wasn't sized to handle, calling it a target for “predatory sniper bots” — automated programs built to front-run cheap tokens the moment a pool goes live. Hunter Biden framed the airdrop as a grassroots distribution rather than an insider-heavy launch, noting there was no presale and no payments to influencers, and that 80 million tokens went to real Substack subscribers rather than a curated list of early buyers. He directly denied profiting personally, stating flatly that he had not made a single dollar from the token.

The Numbers Behind the Denial

The on-chain picture is messier than the team's statement suggests. Data from blockchain analytics firm Bubblemaps shows roughly 80% of traders who bought into LAPTOP ended up underwater, including two wallets down between $100,000 and $1 million each, around 100 wallets that lost $10,000 to $100,000, and roughly 700 more nursing losses in the $1,000-to-$10,000 range. Separately, on-chain trackers have flagged that a project-linked multisig wallet received 100 million LAPTOP tokens — about 10% of total supply — ahead of launch and has since sold off an estimated 42.5 million of them, a detail that sits uneasily alongside the team's insistence that nobody on its side sold. In response to the fallout, the project deployed 4 million tokens, or 0.4% of supply, starting at midnight UTC on September 10 to bolster liquidity on Aerodrome pools, and triggered a roughly 1% supply burn — 10 million tokens — after two related prediction-market events resolved in favor of a burn during the launch's first week.

Part of a Bigger Pattern

LAPTOP's launch-day chaos is the latest entry in a growing line of politically branded memecoins that spike on name recognition and then implode on thin liquidity, echoing the volatility seen around the TRUMP token's own launch. The regulatory backdrop that allowed TRUMP to launch with minimal friction applies just as directly here, since the same rule treating these tokens as outside securities law leaves buyers with essentially no recourse beyond public pressure and on-chain sleuthing when a launch goes wrong. For traders, the episode is a reminder that celebrity and political memecoins carry structurally higher rug-pull and sniper-bot risk than tokens with genuine pre-launch liquidity planning, regardless of how the team frames the aftermath.

What to Watch Next

The key test now is whether LAPTOP's price stabilizes around its post-crash level once the fresh liquidity incentives take effect, or whether renewed selling from the flagged multisig wallet reignites the rug-pull narrative. Continued scrutiny from on-chain investigators over the coming days — particularly any further multisig wallet movement — will likely determine whether this settles into a cautionary footnote or escalates into a more serious controversy for Hunter Biden's broader crypto ambitions.

FAQ

What caused the LAPTOP memecoin to crash?
The team says thin initial liquidity at its $0.05 launch price made it an easy target for automated sniper bots, which drove the price up and then down within the same hour before liquidity providers could catch up.

Did Hunter Biden's team deny a rug pull?
Yes. Hunter Biden said there was no presale, no payments to influencers, and that he personally made no money from the launch, though on-chain data shows a project-linked wallet holding 10% of supply has sold a portion of its tokens.

How much money did traders lose on LAPTOP?
Bubblemaps data shows about 80% of traders lost money, including two wallets down $100,000 to $1 million each and roughly 700 wallets that lost between $1,000 and $10,000.

What is the team doing to fix the liquidity problem?
The project deployed 4 million tokens (0.4% of supply) to boost liquidity on Aerodrome pools and burned 10 million tokens, about 1% of supply, after prediction-market events tied to the launch resolved in favor of a burn.