Hunter Biden Confirms LAPTOP Memecoin Is Not a Rug Pull, Just a Troll of the Trumps
Hunter Biden, son of US President Joe Biden, released comprehensive blockchain data regarding the $LAPTOP memecoin linked to his infamous laptop. He confirmed that 300 million tokens held by the founders have not moved since the launch. Despite early price volatility caused by professional market makers, Biden insists the project is not a scam but rather a trolling initiative aimed at the Trump family and critics who labeled the token a rug pull.
Full Blockchain Accounting and Transparency
In a series of posts on X (formerly Twitter) on Wednesday, Hunter Biden shared blockchain data confirming that 300 million $LAPTOP tokens held in wallets associated with the project founders have not moved since the token’s launch on September 9.
He explained that price charts resembled a typical celebrity rug pull immediately after launch, but the main beneficiaries were two professional trading firms hired as market makers, who withdrew their funds seconds after the token peaked around $317.
Role of Market Makers and Financial Outcomes
According to Biden, one market maker earned $686,000 from liquidity positions on decentralized exchanges, while the other netted approximately $2.18 million more from trading activities.
A detailed 'launch report' by Delaware-based consultancy Groom Lake, posted on the memecoin’s website, corroborates these figures, describing that Market Maker 1 withdrew funds 84 seconds after the peak price, causing liquidity to vanish and making token sales at current prices impossible.
Hunter Biden’s Motivation and Position
Biden stated his motivation was to troll every scheme like former President Donald Trump’s memecoin, which he described as ‘max extraction.’
He emphasized transparency measures taken by the team, including locking tokens, publishing MiCA disclosures, and intending to donate 5% of tokens to charity.
Biden also noted his incentive to continue the project was partly to annoy Donald Trump Jr., Eric Trump, and other key opinion leaders labeling $LAPTOP a scam, since his team refused to pay for endorsements.
Political Context and Background
The memecoin is named after Hunter Biden’s contested laptop, whose existence and contents sparked intense media scrutiny before the 2020 US Presidential election, where Donald Trump ran against Joe Biden.
The laptop remains a focal point for many right-wing figures and has been the subject of two privacy lawsuits filed by Biden.
Hunter Biden has frequently criticized the Trump family’s crypto company, World Liberty Financial, calling it corruption of an unprecedented scale.
Trump’s Memecoin and Biden’s Future Plans
Donald Trump also launched his own memecoin, Official Trump (TRUMP), in January 2025, which faces its own accusations of rug pulls and corruption.
Meanwhile, Hunter Biden affirmed the $LAPTOP founders’ tokens will remain locked for six months post-launch, with unclaimed airdrop tokens planned for burning.
In November 2024, Biden is set to host another event for holders of the $TRUMP memecoin featuring himself and three unnamed speakers.
Why it matters
This news is significant because it reveals detailed insights into one of the most controversial memecoins tied to a prominent US political family. Hunter Biden confirms the project’s transparency and denies any scam, framing $LAPTOP as a trolling initiative targeting the family of a political rival, the Trumps. The story highlights how professional market makers can dramatically affect token price dynamics, often creating the appearance of rug pulls. Broadly, it underscores the deep entanglement of cryptocurrency projects with US political conflicts, raising important questions about regulation and ethics surrounding such launches amid ongoing accusations and lawsuits related to the laptop incident.
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