The team said thin liquidity and automated traders distorted the launch, while Nansen data showed some early buyers sitting on six-figure losses after the memecoin’s debut.

Hunter Biden, the son of former President Joe Biden, is set to launch LAPTOP, a meme coin inspired by the laptop in the 2020 controversy.

LAPTOP debuts Wednesday on Base, with nearly a third of the supply set to be burned if a slate of political and market outcomes — including a Democratic win in 2028 — comes good.