Hunter Biden Criticizes LAPTOP Token Launch, Calls for Buyback
Hunter Biden has publicly criticized the LAPTOP memecoin launch, urging the market maker to repurchase the tokens.
Hunter Biden has publicly criticized the LAPTOP memecoin launch, urging the market maker to repurchase the tokens. JUST (JST) is trading at $0.1416, up 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (Crypto Economy, Cointelegraph), plus live market data, as of Wed, 07 Oct 2026 20:21:13 UTC.
The development highlights the risks and volatility in memecoin markets, particularly those capitalizing on political figures, and raises questions about market manipulation and investor protection.
- LAPTOP token surged from $0.05 to $320 then crashed 98% within an hour.
- Market maker deployed only $5,200 of $500,000 liquidity initially received.
- Hunter Biden criticizes the launch as a 'grift' and demands token buyback.
- Founders' wallet still holds 300 million tokens as of October 7, 2026.
Both Crypto Economy and Cointelegraph report that the LAPTOP token experienced extreme volatility, surging from $0.05 to $320 before crashing 98% within its first hour. They also agree that the market maker deployed only $5,200 of the $500,000 in initial liquidity. However, Cointelegraph uniquely quotes Hunter Biden describing the launch as a 'grift' and his intention to 'troll every grift like it,' suggesting a deliberate effort to expose and criticize such memecoin schemes.
The LAPTOP memecoin, which gained notoriety for its association with political figures, has faced severe criticism after its launch. The token's price skyrocketed from $0.05 to $320 in under two minutes but then plummeted 98% within its first hour, according to multiple outlets.
Crypto Economy reports that the market maker responsible for the token's liquidity deployed only $5,200 out of the $500,000 initially received. This has raised concerns about the adequacy of liquidity and potential market manipulation.
Hunter Biden has publicly condemned the launch, calling it a 'grift' and demanding that the market maker repurchase the tokens. According to Cointelegraph, Biden aimed to 'troll every grift like it,' indicating a broader critique of memecoin schemes capitalizing on political figures.
As of October 7, 2026, the founders' wallet still holds 300 million LAPTOP tokens, suggesting that the creators have not sold their holdings despite the token's dramatic price fluctuations.
In the broader market context, the total crypto market cap stands at $2.9 trillion, with 
Bitcoin down 2.42% in the last 24 hours. The Fear & Greed Index is at 71, indicating a state of 'Greed,' which may amplify the impact of such volatile events on investor sentiment.
Since this brief published about 1 hour ago, JUST (JST) has moved from $0.1409 to $0.1416 — +0.46%.
The chart plots JST's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 24 hours JST moved +0.4% while Bitcoin moved -2.5%. JST has historically moved about 0.00× Bitcoin, implying roughly -0.0% today — so this is roughly what its usual link to Bitcoin would predict.
Beta computed by TLT from ~120 days of daily returns; context only, not advice.
At today's peer-to-peer rate, 1 JST ≈ ₦193.37 (about $0.1416), up 0.4% over 24 hours. The naira itself trades about 2.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Hunter Biden Criticizes LAPTOP Token Launch, Calls for Buyba — questions & answers
What happened to the LAPTOP token price?
The LAPTOP token surged from $0.05 to $320 in under two minutes but crashed 98% within its first hour.
How much liquidity did the market maker deploy?
The market maker deployed only $5,200 of the $500,000 in initial liquidity.
What did Hunter Biden say about the launch?
Hunter Biden called the launch a 'grift' and demanded that the market maker repurchase the tokens.
How much is 1 JUST worth in naira today?
About ₦193.37 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1416. The naira price moves with both JST's US-dollar price and the USDT/NGN rate; use our JUST in naira page for any amount.
Has JUST's price moved since this brief was published?
JST is up 0.46% since this brief first published — trading at $0.1416 now versus $0.1409 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.