A trader lost more than $190,000 after chasing LAPTOP, a token tied to Hunter Biden, according to on-chain tracking platform Lookonchain. The wallet had withdrawn $250,000 from Binance in advance, apparently to buy as soon as LAPTOP went live. It then spent $200,000 to purchase 919 LAPTOP at a price of $218 each. Lookonchain said the position is now worth only about $3,000. The disclosed figures point to a sharp drawdown in a trade made shortly after the token’s launch, with most of the capital effectively wiped out.
A trader has seen a $200,000 LAPTOP position shrink to about $3,000 after buying at elevated prices, according to Lookonchain.
BlockBeats reported on Sept. 9 that the trader had withdrawn $250,000 from Binance ahead of time and was preparing to buy immediately after LAPTOP began trading. Lookonchain identified LAPTOP as a token related to Hunter Biden.
The wallet later spent $200,000 to buy 919 LAPTOP at $218 per token. Based on the figures shared by Lookonchain, the holding is now worth only around $3,000, leaving the trader down by more than $190,000 on paper.
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