Hunter Biden Says LAPTOP Meme Coin Was a Troll, Not a Rug
By Alphacino Editorial Team ·
Quick Take
Hunter Biden insists his LAPTOP meme coin was satire aimed at Trump-style token grifts — but the on-chain story is messier than the punchline.
Hunter Biden has finally addressed the LAPTOP meme coin, and his message is simple: it was never a rug, it was a joke. Speaking about the token named after his infamous laptop, Biden framed the whole thing as political satire, saying he wanted to troll every grift modeled on the Trump family's coin, which he described as built for maximum extraction.
The chart, however, tells a story degens know too well. LAPTOP launched on September 9, ripped to a peak around $317, then collapsed almost immediately in a pattern that looked textbook celebrity-rug. On-chain sleuths zeroed in on the two professional market makers running liquidity. One pulled its funds just 84 seconds after the top, while the other walked away with roughly $2.18 million in profit. Sell-side liquidity reportedly dropped from about $16,000 to zero once those withdrawals hit.
Biden's defense leans on the team side of the ledger. The roughly 300 million founder tokens have not moved since launch, the team committed to a six-month lockup, 5% of supply was earmarked for charity, and the project published MiCA-style compliance disclosures. In other words: the insiders did not dump. Critics counter that it doesn't much matter who pulled the liquidity when retail buyers are left holding a token they can't exit.
The bigger takeaway for meme coin traders is that celebrity and political tokens remain one of the riskiest corners of the market. Even with locked founder wallets, thin liquidity and third-party market makers can turn a hype launch into a bloodbath within minutes. Before aping into any name-brand ticker, check who controls the liquidity, not just who holds the supply.
As with all meme coins, exercise caution — these assets carry significant risk.
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