$LAPTOP Meme Coin Implodes in Minutes, Leaving Thousands of Investors in Red
Hunter Biden's meme coin, $LAPTOP, crashed within minutes of launching on September 11, 2026, wiping out nearly all its early investors.
The token's price surged from around $2.39 to as high as $316 before plummeting below $4, with a brief peak closer to $190. This wild fluctuation was due to the project's market maker adding only $5,000 in liquidity at launch despite heavy demand, allowing prices to swing wildly.
Biden blamed the collapse on his team and took responsibility for the failure, stating 'This is my f, king token.' He claimed that the market cap briefly appeared larger than BlackRock's, worth over $175 billion, with a theoretical fully diluted valuation reaching $144 billion. Biden said he had been working on the project for six months and was involved in every aspect of its creation.