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Crypto

LAPTOP Memecoin Implodes in Minutes: 98% Crash After Launch

Guavy AI Editorial Team
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APT OP MEME
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Hunter Biden's memecoin, LAPTOP, had a disastrous launch on September 9th. The price initially spiked above $300 before plummeting to $4.36 in minutes, representing a 98% crash.

The thin liquidity and concentrated early trading amplified selling pressure, making it difficult for the token to recover.

A total of 11,311 wallets lost less than $1,000, while only 363 traders earned above $1,000, including ten that cleared $100,000.

The Foundation behind LAPTOP attributed the crash to sniper bots overwhelming limited liquidity after trading opened at $0.05 and announced a plan to deploy 4 million tokens across Aerodrome pools to reduce selling pressures.

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