LAPTOP team blames sniper bots and thin liquidity for token’s 99% first-day plunge

News Editor

2026-09-10 10:09:44

The team behind Hunter Biden-linked memecoin LAPTOP said automated sniper bots and weak starting liquidity drove the token’s violent first-day move on Base, where it briefly traded above $300 before losing more than 99% of its value in about an hour, according to DexScreener data. In a Wednesday post, the project said the initial pool opened at $0.05 per token and quickly ran into demand that its market maker could not meet, leaving the launch vulnerable to bots targeting low-priced assets in newly created pools. The team said it will deploy 4 million tokens, equal to 0.4% of total supply, to incentivize liquidity on Aerodrome beginning at midnight UTC on Sept. 10. It also said two prediction-linked events had already resolved yes, leading to the burn of 10 million tokens and reducing circulating supply by 1% during the first week. Bubblemaps said about 80% of LAPTOP traders lost money, while many large holders appeared to be newly funded wallets with no prior onchain history. The team also defended the token’s positioning as an anti-TRUMP launch, pointing to the absence of a presale, no influencer allocations, a Hacken audit, a MiCA whitepaper filed with the Dutch AFM, and founder tokens locked in Coinbase Custody.

The team behind Hunter Biden’s LAPTOP memecoin said automated sniper bots and thin opening liquidity were behind the token’s chaotic first day, when it traded above $300 and then gave back almost all of the move.

According to DexScreener data, LAPTOP started trading on Base on Wednesday and fell by more than 99% in roughly one hour. In a post published the same day, the project said the initial pool opened at $0.05 per token and was met by demand its market maker could not supply, making the pool a target for bots that hunt cheap tokens in newly launched markets.

Liquidity incentives set for Aerodrome

The team said it is deploying 4 million tokens, or 0.4% of total supply, to incentivize liquidity on Aerodrome pools starting at midnight UTC on Sept. 10.

It also said two events tied to the token’s prediction allocation had already resolved yes. That led to the burn of 10 million tokens and cut circulating supply by 1% within the first week. The first event, worth 5 million tokens, resolved after digital artist Beeple referenced LAPTOP.

Bubblemaps data points to widespread losses

Blockchain analytics firm Bubblemaps found that about 80% of LAPTOP traders lost money. The firm said two wallets were down between $100,000 and $1 million, roughly 100 wallets were down more than $10,000, and about 700 wallets were down more than $1,000.

Bubblemaps also found that about 60% of the largest holders were wallets with no prior onchain history, with most of them funded on the day of the launch.

Team defends anti-TRUMP framing

LAPTOP was presented as an anti-TRUMP launch, and the team used its post to defend that framing. It said there was no presale, no influencer allocation, a Hacken audit, and a MiCA whitepaper filed with the Dutch Authority for the Financial Markets, or AFM, before a single trade took place. It also said founder tokens were locked for six months and vest over two years in Coinbase Custody.

Biden said X suspended the LAPTOP foundation account on Wednesday and added that he is not going anywhere.

Price level and token distribution

The token traded near $0.84 early Thursday.

Biden confirmed the coin on Sept. 7 and structured distribution around Trump’s memecoin. The plan reserved 2% of supply for wallets that lost money on TRUMP and tied 30% of supply to 30 public predictions that either burn tokens or send them to charity.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

200

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.