Biden's Son Says He Doesn't Want Anyone to Buy His Coin
Former President Joseph Biden's son, Hunter Biden, stated on Bradley Martyn's Raw Talk show that he does not want anyone to buy his coin, which is intended to engage with the crypto community and communicate with them. The show also discussed podcasts, computer controversies, Trump, artificial intelligence, and cryptocurrency. A few days after the launch, he changed his wording from 'buy' to 'join the community' instead of expecting someone to drive up the price.
The meme coin named LAPTOP was launched on September 9 on Coinbase's Base chain, with a total supply of 1 billion coins. About 20% was airdropped to addresses that had previously lost on the TRUMP token, and approximately 30% of the founding team's allocation is locked. CoinMarketCap recorded an opening price of about $37, which surged to around $223 within minutes, but by the afternoon of the same day, it dropped to about $1.34, a decline of over 95%. He later attributed this to predatory trading and technical issues, claiming the price returned to a 'healthy' level. Other sources reported a further drop of about 99% within an hour after the peak. The foundation's account was temporarily suspended, but he stated he did not exit the project.
Before the launch, he requested a subscription email list for merchandise from Channel 5's host, receiving fewer than 5,000 entries, and discussed sending money to fans to help with rent bills. The host later publicly apologized. He had previously criticized Trump meme coins as scams; the sales of Trump-related tokens were disclosed to be about $636 million, with many small wallets incurring losses. Copies of the token traded millions of dollars within an hour of launching on other chains. The token documentation states it does not confer equity or economic rights.
The political surname provides liquidity ignition, with statements of 'don't buy' running parallel to airdrops and podcast tours. The price trajectory is similar to most celebrity coins: a premium in minutes, followed by a retraction in hours.
Market mechanisms are attention-driven. Buy orders are short-term wallets chasing surnames and airdrops; sell orders are from issuers turning computer scandals into code. Funds evaporate from peak market value back to low liquidity quotes. Beneficiaries are addresses that can sell at the peak and infrastructure that collects on-chain fees; those under pressure are latecomers interpreting the 'community pass' as an investment. The event-driven narrative is interview snippets, not new product features.
A coin that doesn't want to be bought is still priced as if it is being bought. The conversation is the entry point, while the candlestick chart is the exit point.
Source: Public Information
ABAB AI Insight
Hunter describes the meme coin as a walkie-talkie, while the market treats it as a chip. The computer scandal provides a globally retrievable code name, and airdrops to TRUMP losers create moral symmetry. The 95% retracement occurred before he finished recording the next podcast. The email list turns the fan base into an airdrop address book, and the host's apology indicates that channel risks exposed themselves before price risks. He has criticized similar products but uses the same launchpad.
The capital path is surname options. The 30% founding allocation is a bullish bet over time; the 20% airdrop is a marketing budget. The Base chain reduces issuance friction, and copycat tokens prove that brands cannot be locked. The $636 million from Trump coins serves as a benchmark: political tokens have ready buyers and existing litigation opinions. The disclaimer that does not confer equity pushes securities issues into the 'collectibles' category, without preventing some from valuing it as an investment.
The analogy is celebrity perfumes and sports cards: what is bought is a symbol, not dividends. The industry phase is politicians commodifying scandal assets. Whoever first turns controversial terms into contracts collects the initial minutes of attention tax. If regulators pursue investment contracts, the community pass narrative will first be subjected to scrutiny.
The structural change is a shift in pricing power. The mechanism is that narrative power lies among the issuers, while pricing power is in market making and selling pressure after opening. Not wanting to be bought shifts responsibility to the buyer; candlestick charts do not accept verbal waivers. Surnames can ignite interest but cannot dictate who remains in the market in the second hour.
ABAB News · Cognitive Law
- The walkie-talkie in speech is priced as chips on the market.
- The statement of not wanting to be bought does not change the selling pressure after opening.
- Once scandalous terms are minted into contracts, attention tax precedes community generation.