Lookonchain
A trader spent roughly $170,000 buying 28,448.72 $LAPTOP at $5.97 each, attempting to catch the bottom after the memecoin had already lost 98% of its value. The position is now worth about $21,000, down another 87% from entry.
The on-chain wallet record shows the bag still sitting there, fully unrealized. It's a familiar pattern from memecoin cycles: a heavily-promoted small-cap collapses, a single wallet steps in with a five-figure bid, and the price grinds lower regardless.
Liquidity at this size is too thin to support a reversal, and the narrative is already broken. The next seller is the next seller.
Source: [DeBank | Your go-to portfolio tracker for Ethereum and EVM](https://debank.com/profile/0x4f9f0a0b6597435e7b6d8e24296dfed54b2763f5)
Frequently asked questions
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How much did the trader spend trying to buy the $LAPTOP dip?
Roughly $170,000, purchasing 28,448.72 $LAPTOP tokens at $5.97 each after the token had already crashed 98% from prior highs.
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How much is that $LAPTOP position worth now?
About $21,000, which is another 87% drop from the entry price.
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Did the trader sell after the further drop?
The on-chain record shows the wallet still holding the full position, fully unrealized.
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Why do memecoins keep falling after a 98% crash?
Liquidity in micro-cap tokens is thin and conviction typically evaporates after the initial collapse, so even a large single buy rarely reverses the trajectory.
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What does asymmetric downside mean in this context?
It refers to the pattern where a token can lose the vast majority of its value and still drop further, because there is no floor when no new buyers are stepping in at scale.
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