TREE NEWS update: Hunter Biden’s LAPTOP meme coin launched on Base on Tuesday evening and briefly hit a market cap above $200 billion before falling below $1 within an hour, down more than 99% from its peak, with a fully diluted valuation of about $850 million. Bubblemaps said roughly 80% of traders lost money, while Wintermute sold over 466,000 LAPTOP at an average of $4.47.
Hunter Biden’s LAPTOP Meme Coin Crashes 99% After $200B Opening Market Cap
AI take
The episode is a case study in how thin liquidity and concentrated supply can manufacture a headline valuation that evaporates within minutes. That roughly 80% of traders lost money while a market maker exited near the top illustrates the asymmetry between those positioned to sell early and the retail flow arriving after the pump. The open question is whether launch mechanics of this kind attract tighter scrutiny from venues and data providers, or remain an accepted feature of meme-coin issuance on Base.
Generated by AI for reference only.
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