Key Takeaways
- LAPTOP got smoked 98% after launch, tumbling from $199 to just $1.36 in 90 minutes.
- Hunter Biden’s LAPTOP still carries a $1.24B market cap despite $13.45M in trading volume.
- LAPTOP’s thin order book leaves its next move anyone’s guess after a 98% wipeout.
LAPTOP Meme Coin Crashes 98% as $199 High Vanishes in Minutes
Hunter Biden’s new meme coin, known as LAPTOP, is not having a great first day. At press time, it is 98% below its $199 all-time high and is currently coasting along at $2.54 per unit. At current prices it still has a $1.24 billion market cap and a fully diluted valuation of around $3.56 billion. So far, exchanges that have listed the new LAPTOP meme coin have clocked $13.45 million in trading volume since launch.
The token is inspired by the Mac laptop he left at a Delaware repair shop in 2019 which caused all kinds of controversy during the 2020 election between Donald Trump and Hunter’s father, Joe Biden. The launch has caused a great deal of commotion on social media with direct comparisons to the official TRUMP meme coin.
“THIS IS INSANE,” the X account Ash Crypto wrote. Hunter Biden’s memecoin, LAPTOP crashed 98% within minutes of its launch. It was supposed to compensate the TRUMP losers.” “Hunter Biden just launched his memecoin… Immediately down -99%. Absolutely perfect,” Geiger Capital posted on X.
Hunter’s New Coin May Leave Lasting Memories, But Not in a Good Way
The crash was so fast that the half-life joke became common. For instance, official TRUMP at least lasted months before its big drawdown; this one did it in minutes. Right now, the LAPTOP order book is so thin that small sales (including from airdrop claimers) have cratered the price. Before the launch, Biden wrote that people have “PTSD from Trump, Melania, Kanye, Lil Pump, and Andrew Tate’s memecoins” and stressed that all of these coins were “MAGA” affiliated.
It seems Biden’s new meme coin may also leave traders with a case of PTSD, as the pump-and-dump theatrics synonymous with the meme coin circus were on full display Wednesday.
