Hunter Biden has a complicated history with Apple hardware. A MacBook Pro he abandoned at a Delaware repair shop became one of the most infamous laptops in American political history. This we
Hunter Biden has a complicated history with Apple hardware. A MacBook Pro he abandoned at a Delaware repair shop became one of the most infamous laptops in American political history. This weekend, he says an Apple product finally did something for him.
"First time an Apple product has been good to me," Biden wrote on X on Saturday afternoon, attaching a screenshot that showed his LAPTOP memecoin trading in a liquidity pool against AAPLc, Coinbase's tokenized version of Apple stock.
The post cleared 40,000 views within its first hour.
Hunter Biden's post on X, Sept. 12. The joke works on two levels. The token is literally named LAPTOP, after the device that fueled years of political attacks on him and his father. And the pool pairing it with tokenized Apple shares was, at least on paper, paying him and other liquidity providers handsomely.
The screenshot shows a concentrated-liquidity pool for the LAPTOP/AAPLc pair with roughly $1.95 million in trading volume, about $5,800 in fees earned and close to $36,000 in total value locked at the time of the post.
The advertised returns were eye-catching. The pool showed a fee APR of 2,097% and token emission rewards above 9,000%, figures that reflect a small pool with heavy trading rather than any realistic long-term yield.
Onchain data confirms the pool runs on Aerodrome, the largest decentralized exchange on Coinbase's Base blockchain. The pair was created on Sept. 9, the day LAPTOP launched, and held about $37,000 in reserves with more than $500,000 in 24-hour volume as of Saturday afternoon, according to GeckoTerminal.
Robert Hunter Biden, 56, is the second son of former President Joe Biden. A Yale-educated lawyer, he has worked as a lobbyist, investor and, more recently, a professional artist. His 2021 memoir "Beautiful Things" detailed his long struggle with addiction.
He became a fixture of American political warfare in October 2020, when the New York Post published files said to come from a MacBook Pro he had dropped off at a Wilmington, Delaware repair shop in April 2019 and never retrieved.
The laptop's contents, which included emails, photos and business records, were used by Trump allies to attack the Biden family through the 2020 election and beyond. Dozens of former intelligence officials initially suggested the story could be Russian disinformation. Federal prosecutors later confirmed the laptop was real and said its contents matched data obtained from Biden's Apple iCloud account under a search warrant, according to court filings reported by Fox News.
Biden's legal troubles mounted in parallel. He was convicted on federal gun charges in June 2024 and pleaded guilty to federal tax charges that September, before his father pardoned him in December 2024, weeks before leaving office.
Biden launched LAPTOP on Base this week, confirming earlier Wall Street Journal reporting on the project. He framed the token as an act of reclamation, writing that "the symbol they used to try to end me is now a symbol of resilience, redemption, and recovery."
He also took aim at the Trump family's crypto ventures, calling them a "grift" and accusing World Liberty Financial of using political influence to benefit its founders.
The market gave him a brutal welcome. Within its first hour of trading on Sept. 9, LAPTOP whipsawed between roughly 7 cents and $339 as automated traders known as snipers piled into the new pool. The token then collapsed, losing more than 95% of its value within hours and drawing rug-pull accusations across X, TheStreet reported.
Related: LAPTOP coin crashes as Hunter Biden blames bots and Eric Trump fires back
Biden denied profiting from the crash. "The team's allocation is locked. Nobody on our side sold, and nobody could have," he wrote on X. "I, personally, have not made a single dollar."
He blamed thin liquidity and sniper bots for the plunge, said the team had given free tokens to people who lost money on Trump's memecoin, and claimed LAPTOP's fully diluted valuation topped $1 billion.
That claim was roughly accurate at launch-day prices near $1 per token, given the token's 1 billion total supply. It has not aged well. LAPTOP changed hands at about $0.35 on Saturday, putting its fully diluted valuation near $347 million, about a third of the figure Biden cited, according to CoinGecko.
Four days in, the numbers tell a sobering story. LAPTOP trades near $0.35 with a market capitalization of about $125 million, down more than 99% from its launch-day spike. It touched an all-time low of $0.335 on Friday, per CoinGecko data.
About 360 million of the 1 billion tokens are in circulation, with 24-hour trading volume near $18 million. The chart below tracks the token's first four days, from the sniper-driven spike through the slide to Saturday's Apple pool post.
LAPTOP/USDC pool price since launch, hourly. Source: GeckoTerminal.AAPLc, the other half of the pool Biden is celebrating, is a small but real corner of Coinbase's tokenized equities push. The exchange began offering tokenized versions of Apple, Nvidia, Meta and Alphabet shares on Base on Aug. 24, with the tokens backed by real shares held by custodian Alpaca and offered only to investors outside the U.S. AAPLc traded near $333 on Saturday with a market value of about $1.8 million, per CoinGecko.
Related: Hunter Biden defends LAPTOP memecoin, calls $TRUMP crypto a ‘grift’
There is no indication Apple is involved with or endorses the LAPTOP token or the pool. Anyone can create a liquidity pool between two tokens on a decentralized exchange without either project's permission.
AAPLc is a tokenized product tracking Apple shares, not Apple stock itself, and it is unavailable to U.S. investors.
Memecoins are extremely volatile, and LAPTOP's own history is the proof. The token is down more than 99% from its launch-day spike, and the four- and five-figure APRs advertised on its liquidity pools can vanish as quickly as they appear. Nothing in this article is investment advice.
