Hunter Biden denied profiting from the volatile launch of the LAPTOP memecoin in a September 9 post on his official X account. He said available liquidity could not sustain the strong initial demand and insisted that the team’s allocation was locked, adding that neither he nor anyone on his side sold tokens during the launch.
As you may have seen, the LAPTOP memecoin saw a sharp swing in token price during its first hours of trading.
The headlines are all the same.
Token down 99%. Rug pull. Biden Crime Family. The list goes on.
This is far from the truth.
The reality is that available liquidity…
— Hunter Biden (@HunterBiden) September 9, 2026
The statement followed a sharp swing in LAPTOP’s price during its first hours of trading, which triggered accusations that the launch had been a rug pull. Biden rejected that characterization and said he had personally made no money from the token, while the locked team allocation meant insiders could not sell their holdings during the initial volatility.
The immediate focus is now on whether the project can stabilize trading conditions after the turbulent debut. Biden’s statement addresses allegations surrounding insider selling and personal profit, but the token’s future market performance will depend on how trading and liquidity develop after the launch, with no guarantee that its price will recover from the initial swing.
Source: Hunter Biden.
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