Hunter Biden's $LAPTOP token lost more than 98% of its value within minutes of launching, and Biden is blaming a market maker for missing on liquidity. The token had been slated to list on a centralized exchange but was routed to a decentralized exchange instead. In an interview, Biden discussed the crash alongside a wide-ranging conversation that touched on his 2028 Bitcoin price prediction, Operation Choke Point 2.0, and his lobbying of his father.
What happened at launch
The plan, as described in the interview, was to list $LAPTOP on a centralized exchange. That didn't happen. The token went to a decentralized exchange instead, and the price collapsed almost immediately — down more than 98% within minutes. Biden's explanation is straightforward: a market maker failed to provide the liquidity the launch needed. Whether that failure was a scheduling problem, a communications breakdown, or something else, he didn't say.
There's no public record yet of which market maker was involved, which exchange was originally planned, or which DEX ultimately hosted the listing. Those are the details that would make the post-mortem legible. Right now, the only account is Biden's own.
The Trump token comparison
Biden brought up the Trump token during the interview, comparing the two projects on tokenomics and transparency. That's a loaded frame — the Trump token has its own documented allocation structure and its own critics — but Biden's point seems to be that $LAPTOP's distribution was designed differently, or at least was meant to be. The crash makes that argument harder to press, at least in the short term. A token that drops 98% on day one has a transparency problem whether or not its tokenomics were clean on paper.
The rest of the interview
The conversation ranged well past the token. Biden weighed in on Operation Choke Point 2.0, the debanking push that crypto firms have been complaining about for years. He talked about lobbying his father, the former president, on crypto issues. He addressed whether Democrats will ever get behind Bitcoin — a question that's been hanging over the party since the last election cycle. He gave a 2028 Bitcoin price prediction, though the number itself isn't the story here.
He also touched on Michael Saylor and Strategy, Bitcoin payments for art, global Bitcoin adoption, and the argument that fiat is a sham. He discussed banks and Wall Street's relationship to Bitcoin, Silk Road and bad actors, and crypto's ongoing partisan shift. It was, by any measure, a wide-ranging sit-down — the kind that usually generates several days of clips. Instead, the $LAPTOP crash is likely to be the headline.
What's still missing
No exchange, market maker, or launch partner has commented publicly on the collapse. The $LAPTOP contract address, the size of the liquidity pool, and the identity of the market maker Biden blames all remain undisclosed. Until those details surface, the 98% drawdown is a fact without a full explanation — and the interview, for all its breadth, doesn't close that gap. The next concrete thing to watch is whether the market maker named in Biden's account responds, and whether the promised centralized listing ever happens.
