Hunter Biden Launches $LAPTOP Token on Base
Hunter Biden’s $LAPTOP token has lost nearly 99% of its value since launch, mirroring the dramatic post-launch decline of the TRUMP coin. Analysts note that while these meme coins initially hit $9 billion valuations, they lack fundamental support, leaving early investors with significant losses and raising questions about the sustainability of celebrity-backed crypto assets.
The Motley Fool, via GN markets/crypto (en-US), contextualizes the $LAPTOP crash by comparing it to the TRUMP coin’s trajectory, noting that the latter also saw its market cap collapse from $9 billion to $600 million after initially surging. The outlet warns that meme coins lack fundamental utility and function more like lottery tickets, urging investors to prioritize established assets with real-world use cases.
Source: GN markets/crypto (en-US)Cointelegraph reports that the token has crashed 95.7% in its first hour of trading, slipping from an opening price of $199.50 to $4.36 with over $3 million in volume. The outlet also details the tokenomics, confirming that only 2% of the supply is allocated to TRUMP coin losers, while 30% of the total is held by founders with a six-month lock-up.
Source: CointelegraphHunter Biden is launching a cryptocurrency token named $LAPTOP on the Base blockchain. One in five tokens will go to investors who lost money on the $TRUMP coin.
Source: GN markets/crypto (en-US)
