Hunter Biden Memecoin Crashes 98% at Launch, Early Buyers Face Six-Figure Losses

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A memecoin themed around Hunter Biden suffered a dramatic 98% price crash shortly after its launch. The project's team attributed the collapse to thin liquidity and the activity of automated trading bots, which they say distorted the market at debut. On-chain data from analytics platform Nansen revealed that some early buyers are now sitting on six-figure losses. The incident highlights the risks associated with politically themed memecoins, which often experience extreme volatility at launch.

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