Hunter Biden's LAPTOP Falls 99% In Three Hours To TRUMP's Valuation

A new memecoin tied to Hunter Biden, called LAPTOP, collapsed roughly 99% within three hours after trading opened on Base, dropping from initial five‑minute prices above $200 to about $1.90 by mid-afternoon UTC. Trading began at 12:00 UTC Wednesday; the Aerodrome pool’s first five-minute bucket closed at $247.55 and the Uniswap V4 pool at $225.06, but by the 15:20 UTC bucket Aerodrome showed a price near $1.90, representing a 99.23% decline. Both pools tracked closely during the fall. Volume and liquidity shifted dramatically during the sell-off. Over the three hours Aerodrome recorded $13.4 million in turnover and Uniswap V4 $11.3 million, while Aerodrome liquidity fell from about $1.4 million to $691,488 by 15:25 UTC. Each pool’s initial bucket also displayed artificially high opening figures that could not be traded against, such as a $6.95 million quote on Aerodrome and $56.6k on Uniswap V4, reflecting near-zero liquidity at initialization. Because LAPTOP and TRUMP each have a one billion total supply, their prices are directly comparable as valuations. At 15:25 UTC CoinGecko showed LAPTOP trading around $1.93 with a market capitalization near $678.4 million and an Aerodrome-implied fully diluted valuation of about $2.00 billion. TRUMP traded at $2.16, implying a $2.16 billion fully diluted valuation and a market cap of roughly $591.1 million; LAPTOP’s market cap is larger because 350 million LAPTOP tokens unlocked at generation versus 273.1 million TRUMP tokens circulating. The LAPTOP project allocates supply across several buckets that differ from some earlier pre-launch descriptions: 30% to founders, 30% to prediction-tied outcomes, 10% to a day-one airdrop, 10% to a future airdrop, 10% to liquidity, 5% to a foundation treasury and 5% to charity. Thirty percent of supply is linked to prediction outcomes where tokens burn if a listed real‑world event occurs and go to charity if it does not; the project lists 30 real-world questions spanning politics, crypto, culture and project-specific items, with some markets hosted on Kalshi and Polymarket. The contract is a LayerZero omnichain token at 0xB095274743941e953c746F9C228DA9c18Bb6ec29 (LaptopOFT), and the site lists a Hacken audit. The launch drew substantial attention: more than 25,400 holders were recorded on BaseScan as airdrop claims settled, and a pre‑trading post attributed to Biden accumulated about 3.4 million views. The Defiant noted that a claim Biden made about nearly one million wallets losing approximately $3.8 billion on TRUMP was not verifiable in their reporting. Broader network metrics for the day showed Base processing over 10.5 million transactions and more than 339,000 active addresses, with about $1.076 billion of DEX volume over 24 hours, according to cited on-chain trackers.