Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
A token tied to Hunter Biden, called LAPTOP, plunged sharply shortly after listing on the Base blockchain, wiping out almost all of its market value minutes after opening. The token’s market capitalization was reported at $1.6 billion at debut, while on-chain data show allocations to market makers a week before public trading began.
Why It Matters
The speed and scale of the price collapse, combined with pre-launch distributions to market makers, highlight questions about price discovery and fairness in token launches on decentralized platforms. Such events can affect investor confidence and scrutiny of how new tokens are allocated and listed.
Key Facts
- Token name: LAPTOP
- Associated figure: Hunter Biden
- Reported debut valuation: $1.6 billion
- Opening price swing: From about $190 to under $4
- Percentage decline: Approximately 98% loss in value in under an hour (per reports)
A token marketed as LAPTOP and associated with Hunter Biden experienced a dramatic collapse soon after it began trading on the Base network. Reports indicate the token’s market capitalization was about $1.6 billion at debut, and its quoted price moved rapidly from roughly $190 to below $4 within minutes of opening.
On-chain records reviewed after trading began show that meaningful allocations of LAPTOP tokens had been sent to market makers roughly a week before the token became available to the broader market. Those transfers preceded the token’s public debut on Base.
The rapid downward swing erased the majority of the token’s initial value in a short period, with the decline occurring within an hour of trading commencement. The sequence of pre-distribution followed by fast price collapse has been noted in on-chain data and market activity surrounding the listing.
Trading activity and on-chain transparency around the LAPTOP listing on Base remain central to understanding how the token’s early allocations and trading patterns interacted. Observers point to the timing of transfers and immediate price moves as key facts for anyone reviewing the launch and subsequent market behavior.
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Original source: CoinDesk