LAPTOP saw an abrupt spike in volatility after its fully diluted valuation, or FDV, fell to $4 billion, according to data cited by BlockBeats from GMGN on Sept. 9. The token then rebounded 200% within five minutes, only to drop 40% in the following minute. It was last quoted at $7.82 billion.
BlockBeats added a risk note alongside the market update, saying Meme coin trading can be extremely volatile and often depends on market sentiment and narrative-driven speculation rather than practical value or real-world use cases. The outlet warned investors to stay alert to the risks tied to this type of asset.
No additional context on the move was provided in the source update.
LAPTOP turned sharply volatile after its fully diluted valuation fell to $4 billion, according to GMGN data cited by BlockBeats on Sept. 9.
The token rebounded 200% within five minutes, then dropped 40% in the next minute. It was last quoted at $7.82 billion.
BlockBeats added that Meme coin trading can see outsized swings and often relies on market sentiment and narrative speculation rather than actual value or use cases. The outlet said investors should pay attention to the risks.
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