Hunter Biden says his crypto project isn't about getting people to buy a token. In a recent appearance on Bradley Martyn's RawTalk, Biden said, “I don't want anybody to buy my coin,” explaining that he sees the project as a way to reach the cryptocurrency community and talk directly to its audience.

The comment comes only days after the launch of $LAPTOP, a politically themed memecoin built around the controversy surrounding Biden's laptop. The token experienced an extraordinary launch, briefly trading above $190 and, according to some market trackers, above $300, before losing almost all of its value. The Financial Times reported that the token lost about 98% of its value within minutes.

The collapse has raised questions about liquidity, automated trading, token distribution and the risks associated with celebrity and political memecoins.

Hunter Biden Says the Coin Is a Way to Reach the Crypto Crowd

Biden's explanation is notable because he is not presenting $LAPTOP as a conventional investment opportunity.

Instead, he described the token as a way to reach people already involved in cryptocurrency. His stated goal is to communicate with a community that has become increasingly influential across finance, technology, online culture and U.S. politics.

CoinMarketCap highlighted Biden's comments in an X post on September 12, 2026, quoting his appearance on Bradley Martyn's RawTalk.

“I don’t want anybody to buy my coin.”

The timing is striking because $LAPTOP has already experienced extreme price volatility since its launch.

What Is Hunter Biden's $LAPTOP Coin?

$LAPTOP is a memecoin launched on the Base blockchain, Coinbase's Ethereum layer-2 network.

The token's name refers to the laptop that became a major political controversy during the 2020 U.S. presidential election. Biden has attempted to reclaim the symbolism surrounding that episode by turning it into the basis for a cryptocurrency project.

Before the launch, Biden described $LAPTOP as a symbol of “resilience, redemption, and recovery.” He also positioned the project as an alternative to politically connected memecoins such as Donald Trump's $TRUMP token.

The token was launched with a total supply of 1 billion tokens. Reporting from The Wall Street Journal said 30% was allocated to founders, including Biden, with those tokens subject to lock-up and vesting conditions. Another allocation was intended for people who lost money on $TRUMP and followers of Biden's media platforms, while other tokens were designated for liquidity, charity and administrative purposes.

$LAPTOP Surged Above $190 Before Collapsing

The exact peak price varies depending on the exchange and market-data provider because trading was extremely volatile during the first hours of the launch.

The Wall Street Journal reported that $LAPTOP launched at approximately $0.05 and briefly reached $199.51 before falling more than 95%. Other trackers recorded temporary prices above $300 during the extreme launch volatility.

The exact peak matters less than what happened next. The token rapidly lost almost all of the value it had gained during the initial buying frenzy.

The Financial Times reported that $LAPTOP lost approximately 98% of its value within minutes of its debut.

What Is $LAPTOP Worth Now?

$LAPTOP remains highly volatile, and prices differ between liquidity pools.

CoinMarketCap's latest available data shows Hunter Biden's Laptop at approximately ₹37.42 per token, while its conversion data indicates a dollar value of roughly $0.43. CoinMarketCap also shows that the token has fallen approximately 98.95% over the past 30 days.

DEX prices can differ substantially because $LAPTOP trades across multiple pools with different liquidity levels. For that reason, readers should check the live market price before trading rather than relying on a static figure published in a news article.

Price snapshot: CoinMarketCap's latest available data showed approximately ₹37.42 per $LAPTOP, equivalent to roughly $0.43 at the time of the data capture. Prices can vary between exchanges and liquidity pools.

Why Did $LAPTOP Crash?

The explanation is still being debated, but the project's own team has pointed to thin initial liquidity and sniper bots.

According to The Block, the project said the initial liquidity pool launched the token at approximately $0.05 and encountered much stronger demand than expected. The team said the market maker's initial liquidity was insufficient to absorb that demand, creating an extreme price spike before the liquidity could catch up.

The project said it planned to add incentives to increase liquidity on trading pools. It also announced that 4 million LAPTOP tokens, equal to 0.4% of the total supply, would be deployed to incentivize liquidity on Aerodrome pools.

The launch structure also made the token vulnerable to automated traders. Because $LAPTOP initially traded on decentralized exchanges rather than major centralized exchanges, there was no broad external price benchmark during the first minutes of trading.

Roughly 80% of Buyers Lost Money

The scale of the losses helps explain the backlash.

According to Bubblemaps, more than 80% of wallets that bought $LAPTOP were in the red after the launch. The Block reported that the affected group represented more than 11,500 wallets, while later reporting put the number of wallets with losses above 15,000.

The Block also reported that Bubblemaps identified significant losses among individual traders, including some traders who lost between $100,000 and $1 million.

The numbers illustrate the difference between a token's headline market valuation and the actual amount of liquidity available for traders trying to exit positions.

Was $LAPTOP a Rug Pull?

No regulator, court or blockchain-forensics firm has established that $LAPTOP was a rug pull.

The term has been used by critics and commentators because of the token's rapid rise and collapse, while blockchain analysts have highlighted the unusually profitable trades made by some early participants.

However, a price collapse by itself does not prove an intention to defraud.

The project team has attributed the crash to insufficient initial liquidity and aggressive activity from sniper bots. Biden has also denied profiting from the collapse and said the project's founders were subject to lock-up arrangements.

That does not remove the legitimate questions surrounding the launch, but it is important to distinguish between documented market losses and unproven allegations of deliberate fraud.

How the $LAPTOP Tokenomics Work

The token's distribution structure was another major point of discussion before and after launch.

The Wall Street Journal reported that 30% of the one-billion-token supply was allocated to founders, including Biden, with the tokens locked for six months and then vested over a longer period. Another 20% was allocated for community-related distributions, while other allocations were connected to liquidity, charity and administrative expenses.

The project also linked another 30% of the supply to real-world predictions. Depending on the outcome of those events, the associated tokens could either be burned or donated to charity. The Block reported that two predictions had already resolved “Yes,” resulting in 10 million tokens being scheduled for burning.

The project has also said there was no presale or allocation to influencers before public trading began.

Why Biden's “Don't Buy My Coin” Comment Matters

Biden's statement is unusual in a market where attention is often the main driver of a memecoin's early price.

A celebrity or political name can attract buyers even when the project has little established utility. In the case of $LAPTOP, the combination of Biden's name, the laptop controversy and extensive social-media coverage created a powerful speculative narrative.

Biden, however, says that is not the purpose of the project.

His stated objective is to use the token as a way to reach cryptocurrency users and communicate with them. That makes $LAPTOP less of a traditional investment pitch and more of a political and cultural experiment built around a digital asset.

What Happens Next for $LAPTOP?

The project has not disappeared.

The team has said it intends to improve liquidity on trading pools, while Biden has publicly indicated that he remains committed to the project. The project has also continued discussing token burns and other mechanisms connected to its tokenomics.

However, whether $LAPTOP can rebuild its market and community after such a severe launch collapse remains uncertain.

Its future will likely depend on liquidity, trading activity, community interest and whether the project can maintain attention after the initial political controversy fades.

The token's current market price should therefore not be interpreted as evidence that a recovery is underway. It simply reflects the price at which current market participants are trading the asset.

What the $LAPTOP Crash Says About Political Memecoins

The episode highlights a wider problem facing political and celebrity-linked cryptocurrencies.

First, market capitalization can be misleading when a token has limited liquidity. A small amount of trading can create an enormous implied valuation without providing enough liquidity for all holders to sell at that price.

Second, attention is not the same as utility. A token can become globally visible within minutes without having a sustainable business model behind it.

Third, early trading conditions matter. Automated traders and highly experienced market participants can react to a new liquidity pool faster than ordinary users.

Finally, political branding can amplify both gains and losses. A recognizable name may bring millions of dollars of attention, but it can also make a crash far more controversial.

Bottom Line

Hunter Biden's statement that “I don't want anybody to buy my coin” comes at a particularly important moment for $LAPTOP.

The token launched on Base on September 9, 2026, surged from an initial price of around $0.05 to triple-digit levels and then collapsed by more than 95%, with the Financial Times reporting a roughly 98% loss within minutes.

Bubblemaps reported that more than 80% of buyers were left in losses, while the project team blamed thin initial liquidity and sniper bots for the extreme price movement.

Claims that the launch was a rug pull remain allegations rather than established fact.

For now, Biden says the point of $LAPTOP is not to convince people to buy a token. He says it is a way to reach the crypto community and have a conversation with an audience he wants to understand and engage with.

Whether that strategy works politically or culturally remains to be seen. Financially, however, the launch has already demonstrated just how quickly a politically connected memecoin can move from viral attention to enormous losses.

Disclaimer: This article is for news and informational purposes only and is not financial, investment or trading advice. Cryptocurrency markets are highly volatile, and prices can change rapidly.

Frequently Asked Questions

What is Hunter Biden's $LAPTOP coin?

$LAPTOP is a memecoin launched on Coinbase's Base blockchain and named after the laptop controversy associated with Hunter Biden.

Why did Hunter Biden launch $LAPTOP?

Biden has said the project is intended to reach and communicate with the cryptocurrency community. He has specifically said, “I don't want anybody to buy my coin.”

How much did $LAPTOP crash?

The token lost more than 95% from its early peak, while the Financial Times reported an approximately 98% loss within minutes of its debut. Different exchanges and data providers recorded different peak prices because of the extreme volatility.

What is $LAPTOP worth now?

CoinMarketCap's latest available data showed approximately ₹37.42 per token, or roughly $0.43, although prices can vary between liquidity pools.

Was $LAPTOP a rug pull?

There is currently no established finding from a court, regulator or blockchain-forensics firm that proves $LAPTOP was a rug pull. The project team has attributed the crash to thin initial liquidity and sniper-bot activity.

Is Hunter Biden still supporting $LAPTOP?

Yes. The project has said it plans to improve liquidity, and Biden has publicly indicated that he remains committed to the project.

Hunter Biden Says “I Don’t Want Anybody to Buy My Coin” as $LAPTOP Crashes After Launch