Hunter Biden Asks Elon Musk to Restore LAPTOP Token’s X Account After

Hunter Biden has appealed to Elon Musk to restore the X account associated with his LAPTOP cryptocurrency project, arguing that he is not running a scam after the token suffered a near-total collapse following its launch.

According to Coin Bureau, Biden made the appeal while responding to Musk’s post discussing warnings from Anthropic CEO Dario Amodei about the potential risks of artificial intelligence. Biden asked whether the “LAPTOP” account could be restored before the scenario described by Amodei occurs.

LAPTOP Token Faces Sharp Sell-Off After Launch

The request comes days after the LAPTOP token launched on Base and experienced extreme volatility. The token initially surged before losing almost all of its value within hours.

The token is now down 99.3% since launch, according to the figures cited by Coin Bureau. The sharp decline has placed the project under intense scrutiny and renewed broader concerns about the risks associated with politically themed memecoins.

The Wall Street Journal reported markets before the launch that LAPTOP was designed around Hunter Biden’s controversial laptop and was intended to give him greater control over a narrative that had followed him for years. The token launched on Base on Sept. 9 with a total supply of 1 billion tokens.

LAPTOP’s Collapse Highlights Memecoin Liquidity Risks

The scale of the price decline has also drawn attention to liquidity conditions surrounding the launch. Decrypt reported that LAPTOP briefly reached $190.81 before falling roughly 99%, with the token’s initial liquidity substantially smaller than the valuation implied by its early trading price.

The project’s team subsequently attributed the extreme price movement to factors including sniper bots and thin liquidity, while Hunter Biden denied that he or his team had sold tokens. The Block reported that the project also said its official X account had been suspended and that efforts were underway to restore it.

The episode illustrates the difficulty political figures face when combining personal branding with highly speculative crypto assets. While memecoins can attract substantial attention almost immediately after launch, concentrated ownership, limited liquidity and rapid trading can produce equally rapid losses.

Biden’s request to Musk now puts the status of the LAPTOP project’s X presence alongside the token’s market performance as the next immediate issues facing the project.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.