Hunter Biden’s $LAPTOP meme coin (a highly speculative cryptocurrency tied to internet culture) lost approximately 98% of its value within minutes of its Wednesday debut. The token initially moved from about $2.39 to as high as $316 on some exchanges before falling below $4, while alternative data placed its peak near $190. Biden blamed the collapse on a market maker providing only $5,000 in launch liquidity despite heavy demand. More than 15,000 wallets, or roughly 80% of participants, recorded losses, while one unidentified trader reportedly turned $250,000 into $1.18 million. Biden said neither he nor his collaborators sold tokens, acknowledged responsibility for the failure and promised to make it right, but did not announce compensation terms.