Hunter Biden's LAPTOP Token Crashes Within Hours of Launch

Hunter Biden's token, LAPTOP, crashed after its launch on Base at around 8:02 a.m. ET, leaving nearly 80% of traders underwater within hours.

The project was pitched as an answer to memecoin grift, with Biden criticizing President Donald Trump's TRUMP memecoin for leaving nearly 1 million wallets with $3.8 billion in collective losses.

LAPTOP peaked roughly two minutes after its launch, with a fully diluted valuation of about $144 billion despite only $48,000 in liquidity.

The token dropped more than 95% over the following half hour, leaving most traders with significant losses, but also creating a small group of winners who were able to cash out at significantly higher prices.