Hunter Biden’s $LAPTOP Memecoin Plunges 97.8% in First Hour

Hunter Biden’s $LAPTOP memecoin suffered an extreme price collapse shortly after its launch, falling 97.8% within the first hour from nearly $200 to $4.36, according to figures reported by Coin Bureau.

The sharp decline occurred alongside exceptionally thin liquidity, raising questions about how much significance could be attached to the token’s initial market valuation. Coin Bureau reported that $LAPTOP’s fully diluted valuation stood at around $5 billion after the selloff, while liquidity remained limited across its main decentralized-exchange pools.

Thin Liquidity Amplifies $LAPTOP Price Volatility

Coin Bureau cited approximately $83,000 in USDC liquidity in the official Aerodrome pool and $380,000 in USDC on Uniswap. The Uniswap liquidity became active only after the token had already fallen more than 90%.

That timing is significant because liquidity depth determines how much capital can be traded without causing substantial price movements. A token can therefore display an extremely high implied valuation while having relatively little capital available to support actual buying and selling at that price.

The near-$200 opening price implied a fully diluted valuation of approximately $200 billion based on the token supply, according to Coin Bureau. That headline figure was therefore highly sensitive to the limited amount of liquidity available during the initial trading period.

Independent markets reports also documented the unusually volatile launch. Quartz reported that $LAPTOP reached $190.81 within two minutes of opening on Base before falling to $3.70, while trading across hundreds of pairs generated substantial turnover despite limited liquidity.

$LAPTOP Collapse Highlights Memecoin Market Risks

The episode illustrates a recurring risk in newly launched tokens: quoted prices and fully diluted valuations can move dramatically when trading financial begins with shallow liquidity. In such conditions, relatively modest transactions can produce large changes in the displayed market price.

$LAPTOP was launched on Base and is tied to the political controversy surrounding Hunter Biden’s laptop. The token had been announced ahead of its September 9 debut, joining a growing group of politically associated cryptocurrencies that have attracted attention for their sharp price swings.

For traders, the immediate issue is no longer the token’s initial headline valuation but whether deeper liquidity and sustained demand develop after the launch. Current market conditions will determine whether $LAPTOP can establish a more stable price-discovery process following its abrupt first-hour collapse.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.