LAPTOP's fully diluted valuation (FDV) became highly volatile on Sept. 9, rebounding 200% within five minutes after falling to $4 billion before losing 40% in the following minute. GMGN data put its FDV at $7.82 billion at the time of the report. Meme coin trading is highly sensitive to market sentiment and concept-driven speculation, and the report warned that such assets lack practical value or use cases, highlighting the risks for investors.