Hunter Biden, the son of former US President Joe Biden, has published a full account of LAPTOP, a memecoin he helped launch last month. The token is based on the reports about his laptop. In the account, he says the token was not a rug pull. Cointelegraph reported the account on October 7, 2026.
Biden says the token was meant to troll the Trumps. He said Trump's coin was built for "max extraction" and that he wanted to troll every project like it, which he called a "grift." His account covers how the token was launched and what happened after the launch.
The Cointelegraph report does not say how much money went into LAPTOP, who bought it, or whether anyone lost money. It also gives no price, trading volume or market value for the token. It does not report any reply from Trump or his family.
For anyone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report names no exchange and no perpetual contract on LAPTOP. It gives no figures on funding rates, fees or liquidity. So far, this is a dispute between two political families over a memecoin, not a change in what it costs to hold a position.
Source: cointelegraph — Hunter Biden confirms LAPTOP token ‘not a rug pull,’ just trolling Trumps