The Hunter Biden Meme Coin Lost 98% of Its Value in 1 Hour. Is the Meme Coin Craze Finally Over?

Published September 20, 2026 · Category: Finance

Overview

The rise and fall of Hunter Biden's Laptop (CRYPTO: LAPTOP), the meme coin backed by Hunter Biden, was dramatic and quick. Within an hour of launch, it had already collapsed in value by 98%. Crypto investors were wiped out across the board.

Unfortunately, this scenario continues to play out over and over again in the crypto world. Lured by get-rich-quick meme coins, most investors end up losing everything. So why are people still investing in meme coins?

Details

What made the collapse of LAPTOP so stunning was that Hunter Biden had specifically positioned it as superior to the Official Trump (CRYPTO: TRUMP) meme coin. And it even promised to help reimburse the significant losses suffered by TRUMP investors by airdropping them free LAPTOP tokens.

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Source

Originally published at www.fool.com.

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