Hunter Biden's $LAPTOP Coin: Scam Claims and $317B Debut

Hunter Biden's path into crypto includes a blockchain-related initiative at the UN World Food Programme that used digital wallets for refugees. That work was originally covered on Unchained in 2018. He also points to The Internet of Money. In June, he replied to a small account on X that "fiat is a sham" and the banking class is corrupt. His next move was $LAPTOP, a memecoin he says has the opposite tokenomics of the $TRUMP token. At its debut, a market maker seeded about $5,000 of liquidity. The token briefly showed a $317 billion market cap. Critics call $LAPTOP a scam. Hunter Biden says the wallets prove it is not. He outlines a prediction market burn mechanism that burns tokens or funds charity. He argues the Clarity Act died because the administration would not bend on ethics rules covering the Trump family. He challenges Elizabeth Warren for siding with the banks. He also makes a case against World Liberty Financial and the Trump family business. Separately, Bitget lost $388 million. Days later, CEO Gracy Chen said scammers posing as a major investment team targeted her. Hunter says most Democrats only know crypto through Trump's "grift."