President Joe Biden's son launched a new coin – which crashed within hours

Hunter Biden, son of former President Joe Biden, issued a meme cryptocurrency named $LAPTOP, referencing the 2020 laptop controversy. The coin initially surged sharply but crashed over 95% within hours, losing nearly all its value. The launch comes amid previous criticism by Biden of Trump for launching a similar coin.

Hunter Biden, son of former President Joe Biden, issued a meme cryptocurrency yesterday (Wednesday, September 9, 2026) named $LAPTOP, referencing the 2020 laptop controversy. The coin initially surged sharply, but within hours crashed over 95% and lost nearly all its value. The article explains that meme coins are highly speculative, driven by hype and publicity, and can collapse as quickly as they surged. Biden's launch comes amid a wave of similar issuances, including coins launched by President Donald Trump and his wife Melania. Trump's coin surged to a peak value of about $15 billion but crashed and is now worth about $550 million. According to a New York Times investigation, over one million investors lost more than $3 billion combined in Trump's coin, while the president earned about $636 million. Ironically, Hunter Biden was previously a sharp critic of Trump for launching his coin and accused him of harming investors. Now, after launching his own coin that crashed even faster, he faces public anger and criticism over the apparent hypocrisy of the move.