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Cointelegraph

Hunter Biden’s laptop controversy gets a memecoin afterlife

The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.[Update, Sept. 9, 1 p.m. UTC: Updates LAPTOP’s price performance and volume after its first hour of trading.]Hunter Biden’s LAPTOP memecoin fell 95.7% in its first hour of trading on Wednesday, as the son of former US President Joe Biden officially entered…

Photo: Cointelegraph

The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.[Update, Sept. 9, 1 p.m. UTC: Updates LAPTOP’s price performance and volume after its first hour of trading.]

Hunter Biden’s LAPTOP memecoin fell 95.7% in its first hour of trading on Wednesday, as the son of former US President Joe Biden officially entered the market for politically themed cryptocurrencies.

The token, issued on Ethereum layer-2 network Base, traded at $4.36 at 1:00 pm UTC, after opening at $199.50, according to CoinGecko data. It recorded more than $3 million in trading volume.

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Originally published by Cointelegraph. Read the full story at the source →

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