Crypto
LAPTOP Meme Coin Plummets 98%, Wallet Loses $196k in 55 Minutes
A wallet identified as 'LAPTOP' has suffered significant losses after purchasing the Biden son-launched meme coin LAPTOP. The wallet spent 200,000 USDC at a price of 217.5, resulting in a holding of 919.4 tokens worth 4,045. However, this value plummeted by 98% to 4.4, locking in an unrealized loss of $196,000.
The transaction occurred just 55 minutes before the price collapse, making it one of the biggest losses on the token so far. This incident echoes recent high-volatility entries seen across similar launches in the past six months.