Hunter Biden's LAPTOP Meme Coin Crashes 99% on Debut

Hunter Biden's meme token LAPTOP launched on Base on Wednesday and surged to $190.81 within minutes, according to blockchain tracker Arkham, before collapsing into single-digit prices within an hour. The token's brief fully diluted valuation topped $144 billion against roughly $48,000 in liquidity, and by afternoon it traded around $1.97 — nearly 99% below its intraday high.

By AI NewsroomPublished about 1 hour agoUpdated about 1 hour ago1 views

Hunter Biden's LAPTOP Meme Coin Crashes 99% on Debut

Why It Matters

The launch highlights a recurring dynamic in celebrity and political meme tokens: tiny liquidity pools and concentrated supply can produce extreme, short-lived price spikes that leave late buyers with steep losses. LAPTOP's structure and airdrop design tie directly to losses from prior political tokens, so its longer-term outcome will depend on how holders behave after the launch-day volatility.

Key Facts

Launch platform: Base (Coinbase's Ethereum layer-2)
Reported launch time: 8am ET Wednesday
Intraday peak price: $190.81
Time to peak: About two minutes after launch (per Arkham)
Peak implied fully diluted valuation (FDV): $144 billion

LAPTOP, a meme token referencing the Delaware laptop controversy tied to Hunter Biden, went live on Base on Wednesday and experienced an almost immediate roller-coaster. Arkham, a blockchain intelligence firm, reported the token rocketed to $190.81 roughly two minutes after launch and then plunged to as low as $3.70 within the first hour. By the afternoon the price had flattened into the low single digits, trading around $1.97 — about a 99% drop from its early high.

The extreme swing was driven by a massive disparity between the token's implied valuation and the actual tradable liquidity. Arkham showed a fleeting FDV near $144 billion while the liquidity pool contained only about $48,000. That mismatch, combined with a concentrated supply and rapid buying from snipers and bots, set the stage for profit taking that erased most of the initial gains: LAPTOP lost roughly 90% of its value within 30 minutes and traded near $4.77 an hour after launch.

On-chain flows illustrated the outcome for different players. One wallet reportedly moved $249,800 from Binance before the launch, bought 9,124 LAPTOP and sold most of the position minutes later for roughly $1.18 million. Another trader bought 919 tokens at about $218 each for roughly $200,000 and saw the position fall to less than $3,000 an hour later. Those contrasting results underline how timing measured in seconds determined profits or heavy losses during the opening volatility.

The episode mirrors earlier political meme-coin launches. President Trump's TRUMP token spiked near $75 after its January 2025 debut and later traded around $2.24, a decline of about 97%, with nearly a million holders estimated to have lost $3.81 billion. Melania Trump's token also collapsed by more than 99%. LAPTOP's creators incorporated that history into the tokenomics, reserving part of the airdrop for wallets that lost money holding TRUMP and implementing features such as a six-month founder token lockup, a 30-event burn schedule, and staggered airdrop rounds. Whether Wednesday's crash is the definitive outcome or simply the first chapter will depend on trading once launch-day snipers and bots exit and on how recipients of future airdrops behave over the coming months.