Hunter Biden's LAPTOP crypto token crashes shortly after launch
Hunter Biden’s memecoin, named LAPTOP, experienced a dramatic drop in value just minutes after its debut on Wednesday. The token peaked at $190.81 within two minutes of launching but quickly plummeted to around $2.16 — representing more than a 98% loss in under an hour. This sharp decline mirrors the recent volatility seen with other high-profile memecoins, including one associated with former President Donald Trump that has also lost over $3.8 billion in value. The rapid depreciation of LAPTOP highlights the extreme risks and speculative nature inherent to many new cryptocurrency projects, particularly those tied closely to public figures. The launch saw an initial market capitalization of approximately $1.6 billion before collapsing almost immediately.
