Hunter Biden's Memecoin LAPTOP Crashes in Less Than an Hour

Hunter Biden's memecoin LAPTOP launched on Base on Wednesday and promptly crashed. It reached $190.81 within 120 seconds, but plummeted by 90% in just 30 minutes to around $4.77.

By the one-hour mark, it traded near $4.77, and by afternoon, it sat at roughly $1.80, a staggering 99% below its peak high. While some managed to cash out with significant gains, others suffered from substantial losses in mere seconds.

The broader market was largely unaffected by the launch, but there's hope that the lack of interest might deter other celebrities and politicians' children from launching their own coins.