Hunter Biden's meme coin, $LAPTOP, launched on Tuesday and quickly surged from $37 to nearly $225 before plummeting to about $2 by midday. The token's value has since dropped 98% in a day, following a pattern similar to other political meme coins. Biden responded to allegations of a rug pull, stating that no traders had any advantage. The coin was inspired by the laptop saga that fueled conspiracy theories during his father's presidency.
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