Hunter Biden’s LAPTOP said a 98% plunge following its memecoin debut was tied to thin liquidity and automated traders, which the team said distorted the token’s launch. The statement points to market structure at launch rather than offering other explanations for the drop. Separate data from blockchain analytics firm Nansen showed that some early buyers were left with six-figure losses after the token began trading. The move highlights how quickly losses can build in newly launched memecoins when liquidity is limited and early trading is dominated by automated activity. CoinDesk reported the comments and the Nansen data in its market coverage published on Sept. 10, 2026.
Hunter Biden’s LAPTOP said its memecoin crashed 98% after launch because thin liquidity and automated traders distorted early trading conditions.
Data from Nansen showed that some early buyers were sitting on six-figure losses after the token’s debut.
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