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Hunter Biden’s $LAPTOP token launches on Base, then drops more than 95% within hours
LAPTOP
2026-09-09 15:50:49

LAPTOP crashes more than 99% after Base debut as market-maker sales and airdrop dumping draw scrutiny

LAPTOP, a meme coin launched on Base with Hunter Biden’s involvement, plunged more than 99% within hours of its market debut on Sept. 9, after an opening marked by extremely thin liquidity and violent price spikes. GMGN data cited in the source showed the token’s fully diluted valuation briefly surged above $300 billion before falling back to around $1.82 billion, with the token last quoted at $1.828 at the time of writing. On-chain trackers highlighted heavy losses across traders and early signs of organized selling pressure. Bubblemaps said 80% of traders lost money, including two addresses down between $100,000 and $1 million, 100 addresses down more than $10,000, and 700 addresses down more than $1,000. Lookonchain also flagged one wallet that withdrew $250,000 from Binance before launch and spent $200,000 to buy 919 LAPTOP at $218 each, only to see the position shrink to about $3,000. Market-making activity became another focus. According to Ai Yi and Lookonchain, Wintermute received 2.5 million LAPTOP from the project and sold about 466,300 tokens on-chain at an average price of roughly $4.47, bringing in around $2.08 million while still holding more than 2 million tokens at the time of disclosure. The report also pointed to airdrop wallets, newly created addresses and suspected sybil-style claiming patterns as major sources of selling pressure.

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LAPTOP crashes more than 99% after Base debut as market-maker sales and airdrop dumping draw scrutiny
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