Hunter Biden says he didn’t make a single dollar off the LAPTOP memecoin. According to him, the token’s 99% nosedive was triggered by a lack of liquidity, technical hiccups, and sniper bots piling in during the first hours of trading.

What Biden Actually Said

He’s denying any personal financial gain from the project, tying the extreme price crash to early market dysfunction: not enough buy and sell orders, tech failures, and aggressive early players (“snipers”) who exploited inefficiencies right after launch.

Traders Getting Wrecked

On-chain posts show some speculators took serious hits. One trader bought LAPTOP at the top for $200k, then doubled down with another $49k after the initial dump; total losses are now around ~$230k.

Another trader tried to “buy the dip,” putting in $170k after a 98% drop. Since then, the token has dumped another 87%, and their position is now worth just about ~$21k, according to on-chain data.

LAPTOP’s Crash in Context

The stated reasons for the collapse—liquidity crunch, tech issues, and sniper activity—all point to heavy stress in the first hours of trading. Against this backdrop, a bunch of speculative strategies led to both realized and unrealized heavy losses for retail traders.