TheBlock
The LAPTOP memecoin launched by Hunter Biden's team cratered more than 99% within hours of its Wednesday debut, swinging from a brief peak market capitalization of roughly $110 billion to single-digit cents. The project blamed sniper bots and an undersized initial liquidity pool, saying the market maker's float was too thin to absorb early demand. By 12:10 a.m. ET Thursday, LAPTOP was trading around $0.84 after touching above $300 in its first hour.
Why it matters
Launch-day blowups are routine in memecoin markets, but Bubblemaps framed LAPTOP's debut as a "bloodbath" with concrete loss distribution: about 80% of traders exited underwater, including two who lost $100,000 to $1 million, roughly 100 in the $10,000-to-$100,000 range, and around 700 between $1,000 and $10,000. The team's response is the standard playbook when initial pool sizing proves wrong: deploy 4 million LAPTOP, 0.4% of supply, to Aerodrome pools starting midnight UTC on Sept. 10 to incentivize deeper liquidity. Whether the incentives stabilize the order book or the 99% drawdown has already poisoned retail sentiment is the open question for the next 72 hours.
Market impact
The token's structure, with 30% of supply tied to 30 prediction-based events, added a second-order dynamic on launch day: two of those predictions resolved "Yes," triggering a 10 million LAPTOP burn, roughly 1% of circulating supply within the first week. The first event resolved when digital artist Beeple referenced the token; the project did not name the second. In a separate X post Wednesday, Biden said X suspended the LAPTOP foundation's official account and added, "I'm not going anywhere." The team stressed there was no presale or influencer allocation, with the airdrop going to Substack subscribers who joined before Sept. 6.
Frequently asked questions
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What is the LAPTOP memecoin?
LAPTOP is a memecoin launched by Hunter Biden's team, distributed via airdrop to his Substack subscribers who joined before Sept. 6. Thirty percent of its supply is tied to 30 prediction-based events on public, real-world outcomes.
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Why did LAPTOP's price crash 99% on launch day?
The project blamed sniper bots and an undersized initial liquidity pool, saying the market maker's float was too thin to absorb early demand. Bubblemaps framed the debut as a "bloodbath" with about 80% of traders exiting underwater.
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How is the LAPTOP team responding to the crash?
The team is deploying 4 million LAPTOP tokens (0.4% of supply) to Aerodrome pools starting midnight UTC on Sept. 10 to incentivize deeper liquidity. Two prediction-based events also resolved "Yes," triggering a 10 million LAPTOP burn.
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How does LAPTOP's prediction-based allocation work?
Thirty percent of LAPTOP's supply is tied to 30 predictions on public, real-world events. When a prediction resolves "Yes," the associated tokens are burned; if "No," they are sent to charity.
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What happened to the LAPTOP foundation's X account?
Hunter Biden said in a separate X post Wednesday that X suspended the LAPTOP foundation's official account and added, "I'm not going anywhere." The team is working to restore the account and stressed there was no presale or influencer allocation.
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