$LAPTOP Token Crashes 96% on Launch Day as Hunter Biden's Meme Coin Experiences Wild Price Swings

Hunter Biden's $LAPTOP meme coin launched on Base on September 9, but its debut was marked by extreme volatility. On-chain data from Lookonchain shows that one wallet withdrew nearly $250,000 in USDC from Binance ahead of the launch and spent $200,040 on 919 $LAPTOP tokens at roughly $217.60 each.

Within the first hour of trading, this wallet was left with a bag valued at about $3,000, implying a drawdown of around 98.5% within the launch window. This is just one documented outcome for launch-day buyers on Base.

A separate wallet, however, booked more than $1 million in profits within minutes of trading opening. Sharp price swings like these may prompt regulators to scrutinize meme coin launches on Base and lead to stricter compliance measures.