Biden Meme Coin Launch Coincides with Crypto Market Decline
OFFICIAL TRUMP (TRUMP)
Editor:
Eugene Serbin
Lookonchain.com reports that the launch of Hunter Biden's meme coin, LAPTOP, has coincided with a broad decline across major cryptocurrencies. Bitcoin fell approximately 0.7%, Ethereum dropped 0.85%, and SOL declined 1.17% following the announcement. Several high-profile meme coins also saw significant losses, with MEME falling 19%, BONER dropping 17%, Basecat decreasing 10%, ZCAT falling 13%, and PONS declining 9%.
This reaction mirrors the fate of Trump’s TRUMP coin, which launched on January 17, 2025, and subsequently plummeted after an initial surge. Bitcoin reached a high of $103,000 on that launch date but fell roughly 25% over the next 54 days. During that period, Solana’s meme coin boom saw average daily trading volumes around $4.53 billion, peaking at $5.86 billion on a single day.
Popular projects like ai16z, FARTCOIN, GRIFFAIN, and pippin also experienced peaks before or around that time. Meanwhile, a well-known trader predicts Bitcoin could break $126,000 and set a new all-time high in November 2027.
How the market reacted
Whalio's own Binance spot order flow for TRUMP, measured when this story was written up on 8 September 2026. Not the outlet's figures.
TRUMP is currently trading at $2.30 with a 24-hour buy ratio of 53.3%, indicating that buyers are slightly outpacing sellers over the full day. However, shorter-term pressure shows a different dynamic, with the 1-hour buy ratio at 43.5% and the 4-hour ratio at 49.5%, suggesting that immediate buying momentum is weaker than the daily average. The volume delta reflects this short-term hesitation, showing a net outflow of $274,969 in the last hour and $21,845 over four hours, compared to a net inflow of $1,430,255 over 24 hours. This means that while there has been net buying pressure over the day, recent trades have been dominated by sellers. The coin has seen net buying for 13 of the last 24 hours, with a total spot volume of $21,728,377 and 109,932 trades executed.
The latest daily buy ratio of 50.0% sits at the 60th percentile of the last 322 days, against a median of 49.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRUMP, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.3%, making today's 24-hour ratio of 53.3% an unusually high day for buying pressure, exceeding the average by 5.1 points. Despite this stronger buying ratio, the coin's price has dropped 5.0% over the eight-day period, and volume has been only 0.67 times the weekly average. Total volume delta for the week was negative, with $3,827,051 in net outflows, and net buying occurred on only 2 of the 7 days. This indicates that while today shows stronger relative buying interest, the broader weekly trend remains one of net selling and lower-than-average volume.