Hunter Biden's Meme Coin Sucks Liquidity from Market Before Launch, Robinhood Ecosystem's Popular Meme Coins See Broad Decline

BlockBeats News, September 7 - According to GMGN data, possibly influenced by the news that "Hunter Biden, son of former U.S. President Joe Biden, is about to launch a Meme coin named after his 'laptop incident' called $LAPTOP," popular Meme coins in the Robinhood ecosystem have broadly declined, with the following highlights:

· PONS has dropped nearly 9% since the token issuance announcement, with its market cap falling to $726 million;

· CASHCAT has dropped nearly 10% since the token issuance announcement, with its market cap falling to $190 million;

· AI has dropped over 10% since the token issuance announcement, with its market cap currently reported at $179 million;

· MEME once dropped over 20% since the token issuance announcement, with its market cap falling to $91 million;

· microduck once dropped over 25% since the token issuance announcement, with its market cap falling to $17 million.

BlockBeats Note: Price calculations are based on measurements taken after the token issuance announcement disclosed at 22:50 Beijing time today. Users are reminded that Meme coins often lack real-world use cases and are subject to significant price volatility, so investment should be approached with caution.