Hunter Biden addressed the controversy over the launch of his Laptop (LAPTOP) memecoin, which crashed 98% within an hour of going live on Wednesday.

Hunter Biden Is 'Ignoring the Noise' In an X post, Biden attributed the initial price spike and subsequent fall to technical issues and "predatory snipers" who tried to outpace liquidity providers.

He also refuted claims of a "rug pull" or any involvement in the price manipulation.

"The team's allocation is locked.

Nobody on our side sold, and nobody could have.