LAPTOP Memecoin Crashes Nearly 98 Percent Shortly After Launch

The LAPTOP memecoin saw a dramatic collapse on the Base network this week. After briefly hitting a peak of nearly 200 dollars, the price plunged 97.8 percent in less than an hour. The token is now trading well below 5 dollars, marking a painful start for thousands of retail participants who entered the market during the initial hype.

The crash highlights the danger of low liquidity in new projects. While the token showed a massive implied market capitalization, it lacked the actual capital to support such valuations. This meant that large sell orders could easily tank the price. Data also suggests the token supply was extremely concentrated among a few wallets, making the price vulnerable to quick sell offs by major holders.

Automated trading bots played a significant role in the initial volatility by outpacing regular human traders. Reports indicate that around 80 percent of those who bought the token lost money during the frenzy. Analysts pointed to this incident as another example of why celebrity backed memecoins often struggle to maintain value after their initial launch windows.

Hunter Biden, who promoted the project as a symbolic response to past political controversy, asked supporters not to view the token as a traditional investment. Despite his public statements about resilience and recovery, the market reaction focused squarely on the rapid price drop. The event serves as a sharp reminder of the extreme risks present when trading newly launched digital assets.