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Hunter Biden defends Meme coin LAPTOP amid its steep plunge, asserting he did not profit from it, and noting the official side will pursue long-term strategic moves to regain narrative control.

54 minutes ago

Former US President Joe Biden’s son Hunter Biden has defended the meme coin LAPTOP following its sharp price plunge, stating that as many have observed, the token saw extreme volatility in its first hours of trading. Headline news has been uniform: the token is down 99%, tied to the “Biden crime family” and similar narratives—none of which are true. The reality is that the liquidity available at launch could not support the massive attention it received, compounded by technical issues and predatory “snipers” who tried to enter ahead of liquidity providers, driving the price up before it settled to a healthy level. The team’s tokens are locked, with no sales, and I personally made no profit from this. I’m already accustomed to traditional and social media trolls distorting reality to fit their own narratives. The token’s fully diluted valuation (FDV) exceeds $1 billion. We are actively exploring optimal solutions to improve liquidity and continue engaging with the community. This journey is far from over; the official team built this community for the long term from the start, and that remains our focus. I will keep doing what I do best: ignore the noise and reclaim the narrative. Per GMGN data, within nearly 12 hours of launch, the meme coin LAPTOP created by Hunter Biden saw its FDV surge past $300 billion at its peak, plunge to $12 billion at one point, and currently trades at $18 billion, marking a roughly 99.4% drop from its peak.

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Leading on-chain meme tokens have generally corrected, with MEME, CASHCAT, 4Stock and USELESS all falling.

According to GMGN data, recent on-chain hot tokens and leading meme tokens have generally entered a correction phase. Details are as follows: On the Robinhood chain: MEME is down 23% over 24 hours, with a current market capitalization of $62 million, after previously hitting a peak of over $170 million; CASHCAT is down 12% in 24 hours, current market cap at $162 million; AI is down 16% in 24 hours, current market cap at $193 million; microduck is down 46% in 24 hours, current market cap at $9.4 million; BONER is down 18% in 24 hours, current market cap at $36 million. Pair.fund platform token PAIR is down 27% in 24 hours, with a current market cap of $6.5 million. Stratton Market project token STRATTON is down 56% in 24 hours, its market cap now standing at just $1.6 million. OuroLayer token OURO is down 47% in 24 hours, with a market cap of $2.1 million. On the BSC chain: Niu Lai is down 21% in 24 hours, current market cap at $81 million; Hakimi is down 27% in 24 hours, current market cap at $32 million; 4Stock is down 37% in 24 hours, current market cap at $33.5 million; The meme coin Meme Build, paired with BNC4, has seen its market cap evaporate by 90% in 24 hours, now at $2.3 million. On the Solana chain: ZCAT is down 18% in 24 hours, current market cap at $85 million; USELESS is down 23% in 24 hours, current market cap at $220 million. BlockBeats reminds users that token prices are highly volatile, so investment should be approached with caution.

1 minutes ago

Bonk Guy’s portfolio posted a 24-hour drawdown of $3.47 million, maintaining heavy positions in PONS, USELESS, and MarsCoin.

Renowned trader Bonk Guy’s publicly disclosed portfolio on the Fomo platform is currently valued at $16.43 million, with a 24-hour drawdown of $3.47 million, while it has still grown by $3.93 million over the past seven days. He previously stated, “I’m completely unfazed by the drawdown, and I’m very confident my portfolio will hit new highs and eventually reach $50 million.” Below is a breakdown of Bonk Guy’s current portfolio, including only tokens with holdings valued over $200,000: PONS: $6.9837 million, return of 10,213.81% USELESS: $3.5704 million, return of 311.72% MarsCoin: $2.6635 million, return of 172.46% Basecat: $683,300, return of 38.33% MEME: $628,900, return of 34.45% ◆: $243,700, return of 61.66%

1 minutes ago

Jiang Zhuoer: Buying US-listed BNC with a 5% position is equivalent to purchasing BNB at a 50% discount.

Founder of BTC.TOP (B.TOP) Jiang Zhuoer posted that U.S. stock BNC has fallen to the $4.4 support level. He has opened a 5% test position at around $4.5 for a trial buy, expecting BNC could drop as low as its breakout point of $4. Currently, BNC’s mNAV is approximately 49%, holding BNB worth $400 million, while the company’s current market cap is less than $200 million — equivalent to acquiring BNB at a 50% discount. If the flywheel effect of BNC + Meme works, that would be an unexpected upside. According to BIT (bit.com) market data, BNC plunged 15.62% during U.S. regular trading hours, rebounded 2.71% after hours, and is now trading at $4.55. Separately, GMGN data shows the on-chain tokenized stock BNC4 on BSC is priced at $5.584, with a roughly 23% premium over its underlying common stock.

1 minutes ago

Block joins the wave of U.S. federal banking license applications, with plans to establish a trust bank for Bitcoin and stablecoin custody.

Twitter co-founder Jack Dorsey’s payment firm Block has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Nominee president and CEO Lee Woolley stated in a declaration that the bank will leverage Block’s digital asset expertise, Square Financial Services’ track record, and the team’s deep banking capabilities to advance Block’s long-term vision of “economic empowerment.” If approved, Builders Bank will offer custody and other trust services including bitcoin and stablecoins, and establish a federal regulatory framework for some of Block’s existing custody operations. This application is the latest move in the race between fintech and crypto firms to secure federal banking charters. Last week, Revolut received conditional OCC approval, joining the ranks of Coinbase, Paxos, BitGo, Ripple, and Circle. Under its current leadership, the OCC has taken a friendly stance toward the crypto industry; it previously also granted conditional approval to World Liberty Financial, a project backed by the Trump family, sparking reviews over potential conflicts of interest. Since 2025, the OCC has received 40 applications for new bank charters, approved 21, and rejected only two. Block’s application for a federal charter at this juncture marks its expansion from payments and crypto operations to federally regulated, bank-grade custody infrastructure.

1 minutes ago

Trezor: Third-Party Email Service Provider Suffers Hack

Hardware wallet maker Trezor has officially disclosed that its third-party email service provider was hacked, with phishing emails now circulating. The company emphasized these emails are not official, has taken down the relevant domains urgently and launched an investigation, warning users not to click any suspicious links. Earlier, on August 13, Trezor revealed that its fulfillment partner ShipMonk suffered a data breach, exposing personal data of 13,689 Trezor customers. Of those, 11,742 had their full names, phone numbers, emails and shipping addresses stolen, while 1,947 had their names, cities and emails leaked. Trezor’s own systems were not compromised, and its devices, private keys and wallet backups remain unharmed; the scope of the leak is currently under control.

1 minutes ago

US Department of Justice investigates NVIDIA's deal with Groq over alleged attempt to evade antitrust regulations.

According to people familiar with the matter, the U.S. Department of Justice (DOJ) is investigating whether Nvidia (NVDA.O) sought to circumvent antitrust reviews to finalize a deal signed last year with AI chipmaker Groq. Groq at the time described the deal as a "non-exclusive licensing agreement" that allowed Nvidia to use chips Groq had customized specifically for running AI tasks. As part of the arrangement, Groq CEO Jonathan Ross and COO Sunny Madra joined Nvidia. AI firms have struck multiple similar deals, including securing technology licenses from other companies and hiring their core employees, without completing full acquisitions. Such arrangements often allow parties to bypass automatic government reviews of traditional mergers and acquisitions, which are designed to assess whether a deal would harm market competition.

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