Hunter Biden’s LAPTOP memecoin plunges more than 99% after Base launch

  • Hunter Biden’s LAPTOP memecoin collapsed after launching on the Base network.
  • More than 99% was LAPTOP’s decline from its September 9 peak near $199.
  • Over 15,000 wallets were affected, with 80% of launch-day buyers underwater.

Hunter Biden’s This LAPTOP is Broken Laptop (LAPTOP) memecoin has lost more than 99% since launching on Base, after briefly reaching nearly $199 on September 9 before falling to about $3.70 within an hour and later trading around $0.20. The latest account differs from earlier reporting that placed the peak at $401.12 and the market capitalization at $50 billion. Blockchain analytics found that 80% of launch-day buyers were underwater, affecting more than 15,000 wallets. Hunter Biden blamed the collapse on his market maker and said the token had only $5,000 in liquidity, while later asking Elon Musk on X for help reviving LAPTOP. The token faces support near $0.20, with $0.15 and $0.10 below it, while resistance is concentrated around $0.28 and the $0.30-$0.40 area. Bitcoin was trading at $76,900, down 0.1% over 24 hours, 1.2% over seven days and 2.1% over a month, as traders awaited the Senate’s CLARITY Act vote and the Federal Reserve’s September 15-16 rate decision. The story also contrasted LAPTOP’s speculative collapse with Bitcoin Hyper, a promoted Bitcoin Layer 2 project whose presale had raised $33 million at $0.0136862 and offered 35% APY staking.

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