Hunter Biden's LAPTOP Memecoin Crashes 99% in Hours

• Within hours of launch, the LAPTOP memecoin’s market cap has crashed from $200 billion to less than $1 billion.
• The Uniswap liquidity became active only after the token had already fallen more than 90%.
• Critics called for wallet disclosures and independent audits amid rug-pull concerns.

Hunter Biden’s LAPTOP memecoin lost roughly 99% of its value within hours of launching on Base on Sept. 9.

The token briefly traded near $200 before falling toward $2 later in the session. However, the resulting headline valuations overstated the amount of capital actually backing the market.

Early prices implied a fully diluted valuation above $100 billion despite liquidity measured in only tens of thousands of dollars.

Hunter Biden, the son of former US President Joe Biden, launched his LAPTOP memecoin on the Coinbase Layer-2 platform, Base. Biden Jr. turned a major political controversy from the 2020 U.S. election into a cryptocurrency project.

The token launch took place earlier today on September 9, with planned token burns tied to future events. Around 20% of the token supply is reportedly set aside for investors who lost money on President Trump’s TRUMP memecoin.

However, the launch event turned to a classic pump-and-dump case. Hunter Biden’s LAPTOP token crashed more than 99% from its peak within a few hours of launch. Its fully diluted valuation (FDV) fell from approximately $111 billion to below $5 billion.

As a result of this LAPTOP memecoin crash, an investment of $10,000 would have turned into less than $90 within hours.

The official Aerodrome pool holds approximately $83,000 in USDC, while the Uniswap pool has around $380,000 in USDC. The Uniswap liquidity became active only after the token had already fallen more than 90%.

The initial price near $200 implied a fully diluted valuation of approximately $200 billion, but the extremely limited liquidity made that valuation misleading.

The launch has already raised concerns about a potential rug pull. Tony Edward, founder of Thinking Crypto Podcast, has called for full wallet disclosures and independent audits. Biden clarified that the token is intended as a political statement rather than an investment product.

“The only way to do an ‘ethical’ memecoin is for you to disclose all the insider wallets, how many coins they hold, and have a 3rd party institution provide audits,” he wrote.

In another sharp-worded attack on Biden Jr., famous commentator Nick Sorter wrote: “Everyone should absolutely bookmark this post for when you rugpull this and pretend you had no idea what was going on. Anyone buying this crackhead’s coin deserves to lose it all, which they will.”

Hunter Biden has continued to defend his stand on LAPTOP memecoin launch, calling his crypto token a symbol of resilience, redemption, and recovery. In what seems like a political slugfest, Biden also slammed TRUMP memecoin, saying that TRUMP wallet holders have lost over $3.8 billion.

Biden emphasized that he and his team would not provide price support for the LAPTOP memecoin. He said investors should not expect him or anyone else to take action to increase the token’s value.

This article is for informational purposes only and should not be considered financial or investment advice. Memecoins are highly speculative and can experience extreme price movements or lose their entire value. Readers should conduct independent research before making investment decisions.

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