LAPTOP, a memecoin (cryptocurrency based on online trends), has returned to focus after losing approximately 99.9% of its launch value amid allegations that its project team earned millions of dollars. Hunter Biden, son of former US President Joe Biden, denied claims that the team made tens of millions of dollars from token sales, saying no tokens had been sold from the project wallet. A report suggested the team may have generated an "eight-figure" profit of at least $10 million. LAPTOP’s market value has fallen below $25 million. Hunter Biden said he had previously described the post-launch situation as "appalling," said relevant accounts were under review and challenged the calculation by demanding the alleged sales wallet address. The team has denied that insiders caused the decline, attributing the volatility to low initial liquidity and automated trading "sniper bots" while saying the founders’ 30% allocation was locked for six months and would unlock gradually over more than two years.