Meme Coin Mayhem: LAPTOP Crashes by 98% in One Hour
The Hunter Biden-backed meme coin, LAPTOP (-9.55%), crashed by 98% in just one hour after its launch, leaving investors with massive losses.
This is not an isolated incident; the crypto world has seen a pattern of meme coins rising and falling quickly, often due to hype and speculation.
LAPTOP's collapse was particularly striking as it promised to reimburse losses suffered by investors in the Official Trump (TRUMP -0.48%) meme coin by airdropping them free LAPTOP tokens.
The same scenario played out with the TRUMP coin, which lost most of its value within a single weekend and now trades 97.4% below its all-time high.
Meme coins like Dogecoin (DOGE -2.74%) and Shiba Inu (SHIB -0.67%), have also seen massive losses for investors who bought in during their peak popularity.