Memcoin LAPTOP, associated with Hunter Biden's name, reached a market capitalization of approximately $110 billion in the first hour of trading, then plummeted more than 99%.

The token rose above $300 after distribution, and by the morning of September 10 was trading around $0.84.

Team Explanation

Organizers cited two reasons for the collapse:

  • sniper bots that attacked the token immediately after launch;
  • insufficient liquidity from the market maker to absorb volume.

According to them, the initial pool set a starting price of $0.05 and quickly attracted significant demand. Automated bots made the token a target, while liquidity proved insufficient — creating a sharp price spike followed by an equally sharp reversal.

To remedy the situation, the team announced the allocation of 4 million tokens (0.4% of supply) to stimulate liquidity.

Eight Out of Ten Participants Lost Money

Analytics firm Bubblemaps called the launch a "bloodbath" and provided a loss distribution breakdown:

  • approximately 80% of traders ended up at a loss;
  • two lost between $100k and $1 million;
  • approximately 100 people lost between $10k and $100k;
  • roughly 700 people lost between $1k and $10k.

What This Figure Shows

The proportion is fundamental: despite thousandfold price increases, the overwhelming majority of participants still lost money.

The reason lies in the mechanics: those who managed to buy at the start are automated systems reacting in fractions of a second. Retail buyers simply cannot enter a position before them and buy at the peak instead.

The $110 billion market cap is a calculated figure, not a real one. It's obtained by multiplying the peak price by total token supply, despite the impossibility of selling this volume at such a price.

Project Structure

30% of the supply is tied to 30 predictions about real-world events: tokens are burned if the outcome is "yes," or directed to charity if the outcome is "no."

Two events have already resolved positively, resulting in the burning of 10 million tokens — approximately 1% of circulation.

The team stated there was no presale and tokens were not distributed to bloggers: 80 million went to platform subscribers registered before September 6.

Practical Takeaway

This case is a clear illustration of memcoin risks: lack of fundamental value, dependence on initial liquidity, and structural advantages of automated participants over retail traders.

When launching such assets, the possibility of losing a significant portion of investments within the first minutes of trading is not an exception but a typical scenario.

This material is informational in nature and does not constitute investment advice.