Hunter Biden LAPTOP Token Implodes 99% Minutes After Debut
A freshly minted meme coin called LAPTOP lost practically all its value within minutes of deploying on Base.
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Key takeaways
- LAPTOP token spiked to a peak of $190.81 shortly after launching on Base.
- Thin liquidity and heavy selling triggered a 99% price crash within minutes.
- The collapse underscores the high risks of trading freshly minted Layer-2 meme coins.
On Wednesday, a fresh meme coin called LAPTOP went live on the Base network and promptly erased roughly 99% of its value in minutes.
It touched a fleeting high of $190.81 right after launch. Then came reality. Microscopic liquidity met a quick wave of market sells, and the price cratered almost instantly.
Why it matters
It's a textbook lesson in market mechanics and thin liquidity. Without deep pools backing a token, a couple of routine sell orders can erase paper fortunes instantly. Retail traders chasing the latest Layer-2 hype usually end up trapped before their transaction even clears.
Source: Decrypt
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Mia Chen
Mia digs into DeFi and on-chain data, translating protocol mechanics into plain English for everyday readers.
