LAPTOP Meme Coin Implodes 99% After Briefly Topping $110 Billion Market Cap

Hunter Biden's LAPTOP meme coin experienced an extreme price swing on its launch day. The token briefly reached a market capitalization of $110 billion within its first hour, but then collapsed over 99% in value.

The team behind the project attributed the price crash to two factors: automated sniper bots and insufficient liquidity from the market maker. Sniper bots targeted the token immediately after launch, while the market maker's initial liquidity was overwhelmed by the high demand.

To address the shortfall, the LAPTOP team plans to deploy 4 million tokens, equal to 0.4% of total supply, starting at midnight UTC on September 10 to incentivize liquidity on Aerodrome pools.