Key highlights:
- Hunter Biden rejects allegations that he has enriched himself with the LAPTOP token launch while the vast majority of buyers are down on their investments
- He claims to have not made any profits from the meme token so far
- According to Biden, the team remains committed to working on the long-term success of the token
After launching the controversial LAPTOP memecoin, Hunter Biden is now facing criticism over the token’s sharp price swings and alleged insider activity. Despite these allegations, Biden has denied making money from the project, saying that he made “not a single dollar” from LAPTOP.
Hunter Biden denies making money from LAPTOP memecoin
Hunter Biden pushed back against the criticism surrounding the LAPTOP memecoin. He claims that he hasn’t made any profits from the memecoin, adding, “Nobody on our side sold, and nobody could have. I, personally, have not made a single dollar.”
As you may have seen, the LAPTOP memecoin saw a sharp swing in token price during its first hours of trading.
The headlines are all the same.
Token down 99%. Rug pull. Biden Crime Family. The list goes on.
This is far from the truth.
The reality is that available liquidity…
— Hunter Biden (@HunterBiden) September 9, 2026
Notably, the criticism and Biden’s subsequent response come on the heels of the steep price decline that the LAPTOP memecoin faced on the first day. The meme token started at around $37 and soon jumped to a notable high of $222 in minutes. However, these gains did not last long, as the value plummeted to around $1.80 by Wednesday afternoon. This marked a decline of about 95%, bringing six-figure losses for investors.
Following the LAPTOP memecoin price crash, rumors emerged that the project was a scam. The sudden price drop raised concerns about possible insider trading. Questions were raised about whether some early investors or insiders had sold their tokens at the peak.
How did the LAPTOP memecoin crash happen?
According to Hunter Biden, the sharp price decline in the LAPTOP memecoin happened due to limited liquidity and other related problems during the launch. He argued that the token’s initial demand pushed the token higher than the available liquidity could support.
Further, Biden blamed automated “snipers” for the LAPTOP memecoin price crash. Snipers are traders or bots that move quickly to buy tokens as soon as they launch. He added,
“The reality is that available liquidity could not sustain the strong level of interest at launch. Technical issues coupled with predatory “snipers”, who seek to beat liquidity providers to market, caused a spike in price, which has since stabilized to healthy levels. The team’s allocation is locked. Nobody on our side sold, and nobody could have.”
LAPTOP eyes long-term growth
Moreover, Hunter Biden highlighted the LAPTOP memecoin’s long-term vision. He claims the project as the result of his longer-term effort to build the community, despite its overwhelming reception as a failure. While the token continues to face criticism, Biden remains claims he is committed to keep working on it:
“This journey is far from over. We built this community for the long game, and that’s exactly how we’re playing it. I’m going to keep doing what I do best: ignoring the noise, and reclaiming the narrative.”
As reported by CoinCodex yesterday, the LAPTOP memecoin intends to help investors who faced significant losses in Donald Trump’s TRUMP token. A portion of LAPTOP is reserved for these investors.
Source:: Hunter Biden Says He Hasn't Made "a Single Dollar" From LAPTOP Memecoin