Hunter Biden’s laptop-linked meme coin soars, then falls after market debut
Summary
Hunter Biden’s meme coin, called $LAPTOP, rose quickly in value right after it launched but then lost most of its price within a few hours. It jumped from $37 to about $222 in the first hour, then fell to about $1.36 by mid-afternoon.Key Facts
- The meme coin is named $LAPTOP and is linked to Hunter Biden.
- When it launched, the price skyrocketed from $37 to about $222 within one hour.
- After peaking, the coin’s price dropped sharply to about $1.36 by 3 p.m. Eastern time.
- The price data comes from Coinmarketcap.com, a website that tracks cryptocurrency prices.
- The coin’s value fell by about 95% after its initial surge.
- Meme coins are cryptocurrencies that often gain popularity quickly because of internet trends or jokes.
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