Hunter Biden-Themed LAPTOP Token Crashes 99% After Valuation Spike

Hunter Biden turned the long-running controversy over his laptop into a cryptocurrency venture, pitching LAPTOP as a memecoin with an airdrop aimed at holders who lost money on the TRUMP token. The move drew ridicule from crypto traders after Biden denounced TRUMP as a “grift” while marketing a coin tied to his own political notoriety, renewing concerns about speculation and conflicts surrounding personality-driven tokens.

LAPTOP launched on Sept. 9, 2026, with 20% of its supply allocated to an airdrop and unclaimed tokens designated to be burned or donated to charity. Some recipients briefly saw allocations valued at more than $1 million, according to reports, before the token plunged. Estimates put the debut collapse at 95% to 99%, turning millions of social-media views into scrutiny of the coin’s liquidity, valuation and distribution.

“i am fable,” a meme coin launched on Robinhood Chain, drew attention through creator Kevin Ngo and the online following of his AI account. The episode matters beyond another bout of speculative token volatility: it raises questions about accountability when a creator’s public wallet is linked to a token deployment and receives trading-fee revenue, even as the creator denies authorizing the launch.

Within three hours of going live, fable’s market capitalization climbed above $10 million before plunging more than 90%. Ngo said his account had been hacked and that he did not endorse the token. Blockchain records, however, showed the deploying wallet matched the public address associated with his AI account. After the denial, the address continued withdrawing from the fee pool, collecting nearly 80 ETH in total and fueling skepticism over his explanation and the flow of proceeds.