Crypto Traders Kill the LAPTOP Memecoin Before Launch
Kraken yanked a promo post for a Hunter Biden token after traders revolted and a named media partner bailed.
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Key takeaways
- Kraken deleted a promotional social media post for the upcoming LAPTOP memecoin.
- A media group tied to the token's distribution plan publicly denied involvement.
- Traders rejected the political memecoin before it officially launched.
Traders killed this project before takeoff. Exchange giant Kraken scrubbed a promotional post for a Hunter Biden-themed memecoin named LAPTOP after getting torched by its own users. Fast work.
It wasn't just angry tweets either. A media group listed in the token's distribution plans ran for the hills, publicly stating they had zero connection to the token release.
Exchanges walk a fine line
Political junk floods DEXs daily, but heavy-hitting centralized venues usually tread carefully. Kraken deleting that post in record time shows how fast promo work blows up when a coin relies on cheap headlines instead of an actual community.
Why it matters
Memecoin fatigue is real, especially for tokens built on pure shock value. When users force a major exchange to wipe marketing posts in minutes, it shows traders are done with cash-grab tokens. Chasing cheap clout burns retail trust way faster than it collects trading fees.
Source: CoinDesk
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