Hunter Biden defends against the plunge of Meme coin LAPTOP: He personally did not profit from it, and the official side will engage in a long-term battle to reclaim the narrative.

BlockBeats News, September 10 - Hunter Biden, son of former U.S. President Joe Biden, pushed back against the crash of the Meme coin LAPTOP, stating, "As you may have already seen, LAPTOP experienced extreme price volatility within the first few hours of trading. The headlines are all the same. The token dropped 99%, the Biden crime family. And so on, and so forth.

This is far from the truth. The reality is that the liquidity available at launch simply couldn't sustain that level of attention. Combined with technical issues, as well as predatory 'snipers' attempting to front-run liquidity providers, the price was first pumped and has since settled back to healthy levels. The team's allocation is locked, no one has sold, and I personally haven't made a single cent.

I'm long accustomed to traditional media and social media trolls distorting reality to fit their narratives. This token's fully diluted valuation exceeds $1 billion. We are actively seeking the best solutions to optimize liquidity and continuing to engage with the community. This journey is far from over—the official team built this community for the long game from day one, and that's exactly what we're doing now. I'll keep doing what I do best: ignoring the noise and taking back the narrative."

According to GMGN data, nearly 12 hours after launch, the FDV of the Meme coin LAPTOP issued by Biden's son surged past $300 billion at its peak, then plunged to $1.2 billion, and now stands at $1.8 billion, down approximately 99.4% from its peak.