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Hunter Biden’s LAPTOP memecoin crashes 99% after volatile launch
Hunter Biden’s politically themed memecoin, LAPTOP, experienced a massive price collapse shortly after its launch on the Base network. The token, named after the 2019 laptop controversy involving the Biden family, initially spiked to prices near $200, reaching a theoretical fully diluted valuation of approximately $144 billion. However, due to extremely thin liquidity and the impact of automated sniper bots, the price plummeted by over 99% within an hour, falling below $1.
On-chain analysis from Bubblemaps indicates that approximately 80% of traders involved in the launch suffered losses. While a small number of early participants realized significant profits, the majority of the 15,000 affected wallets saw their investments decline sharply. The project’s team attributed the volatility to insufficient liquidity and bot activity, subsequently announcing plans for liquidity incentives and token burns.
The launch has also drawn political commentary, with Eric Trump mocking the event on social media. Hunter Biden defended the project as a way to reclaim a narrative used against his family, describing the token as a symbol of resilience. The project includes a unique distribution model, reserving tokens for airdrops to Substack subscribers and wallets that lost money on Donald Trump’s TRUMP memecoin.
Entities
Base · Bubblemaps · Coinbase · Donald Trump · Hunter Biden · Joe Biden · The Wall Street Journal · Wall Street Journal
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Trading bots, known as snipers, exploited the launch to make significant profits.
- [● 2 SOURCES] The $LAPTOP token reached an intraday high of approximately $199.51. exame.com
- [● 3 SOURCES] Hunter Biden launched the $LAPTOP memecoin on the Base network. exame.com
- [● 2 SOURCES] Twenty percent of the $LAPTOP supply is designated for an airdrop to wallets that lost money on Donald Trump’s $TRUMP coin. exame.com
- [○ 1 SOURCE] Market maker Wintermute sold $2 million worth of $LAPTOP received from the token team.
- [● 3 SOURCES] The token price fell by approximately 98% to 99% within hours of its launch. exame.com