The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.
[Update, Sept. 9, 3:45 p.m. UTC: Updates with pricing information in the first paragraph.]
Hunter Biden’s LAPTOP memecoin fell 95.7% in its first hour of trading on Wednesday, as the son of former US President Joe Biden officially entered the market for politically themed cryptocurrencies.
The token, issued on Ethereum layer-2 network Base, traded at $2.0977 at 3:45 pm UTC, after opening at $199.50, according to CoinGecko data. It recorded more than $13.4 million in trading volume.
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