GMGN data showed on Sept. 13 that the fully diluted valuation of LAPTOP, a meme coin described by BlockBeats as having been issued by Biden’s son, briefly fell below $300 million before rebounding to $310 million. The token was still down more than 25% over the past 24 hours. Compared with its peak FDV of $314 billion, the decline now exceeds 99.9%. BlockBeats also warned that meme coins often lack practical use cases and can see sharp price swings, urging investors to remain cautious. The move highlights the extreme volatility that can emerge in meme-token valuations over a very short period.
GMGN data showed on Sept. 13 that the fully diluted valuation, or FDV, of LAPTOP briefly slipped below $300 million. It was later quoted at $310 million.
BlockBeats described LAPTOP as a meme coin issued by Biden’s son. Over the past 24 hours, the token fell more than 25%, and it is now down more than 99.9% from its peak FDV of $314 billion.
BlockBeats warned that meme coins often do not have practical use cases and can be highly volatile, adding that investors should remain cautious.
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