Hunter Biden crashes out over collapse of his $LAPTOP meme coin: There was a fk up

Hunter Biden publicly crashed out over the spectacular collapse of his meme coin, ranting online about the “f–k up” that crushed four out of five investors but left one mystery trader nearly $1 million richer — a windfall the troubled former first son ignored.Biden claimed the trouble began right after trading started Wednesday because the project’s market maker supplied far less liquidity than needed to handle the initial demand.“There was a f–k up.The f–k-up occurred in the first 30 seconds of launching the coin, in which the market maker, for some unknown goddamn reason, only put in $5,000 of liquidity,” Biden said in the video posted on X just after midnight Friday.

“And the demand was through the roof.”In his telling, the thin pool is what sent $LAPTOP from $2.39 to an eye-popping $316 per token for 1 billion tokens — before its precipitous crash.He incredulously noted his coin’s value was briefly “larger than the market cap of f–kin’ goddamn Blackrock,” noting the price chart “looked like Mount Everest.”  A mystery trader turned a roughly $250,000 bet into $1.18 million within minutes, earning a cool $930,000 before transaction costs, according to a blockchain analysis by Datavault AI.That’s a classic sign of a crypto “rug pull,” an expert previously told The Post.Regular traders were left in the lurch.

About 80% of those who bought $LAPTOP on launch day lost money, according to blockchain analytics firm Bubblemaps, which estimated more than 15,000 wallets ended up in the red.Datavault AI identified one particularly brutal trade: a buyer who put roughly $200,000 into $LAPTOP near its fleeting peak was left with a position worth around $2,000 after the collapse.Biden didn’t address either the profit or the pain his investors felt this week.“This is my f–king token,” he said during his online tirade.“I’ve been working on this thing for six months straight.”“I was intimately involved in every single...