TLDR
- LAPTOP memecoin crashed up to 98% from launch price due to sniper bots and thin liquidity
- Some early buyers recorded six-figure losses, with one wallet down nearly $200,000
- Hunter Biden denied personally profiting, saying team tokens are locked and no one sold
- The team plans to deploy 4 million tokens as liquidity incentives on Aerodrome pools
- Blockchain analytics firm Bubblemaps flagged that 60% of top holder wallets had no prior activity
Hunter Biden’s LAPTOP memecoin launched on Wednesday and crashed almost immediately, falling as much as 98% from its opening price of 5 cents.
The project’s team blamed the collapse on sniper bots and thin liquidity. Sniper bots are automated programs that detect new token launches and buy within seconds, pushing prices up before regular users can get in.
The token launched on the Base blockchain and quickly spiked, then reversed just as fast.
Blockchain analytics firm Nansen recorded 46,675 buy transactions against 16,038 sells over 24 hours. There were 20,085 unique buyers and 8,714 unique sellers. Most buyers had not sold at the time of the data snapshot.
Among wallets Nansen tracked, one was sitting on a total loss of around $199,000, combining realized and unrealized losses. Another wallet was down roughly $118,000 after buying about 28,400 tokens without selling.
Not all traders lost money. One address that bought around 49,700 tokens was showing an unrealized profit of about $13,000.
Bubblemaps, a separate blockchain analytics platform, said 60% of LAPTOP’s top holder wallets showed no prior activity. Most of those wallets were funded on the day of launch.
Hunter Biden Denies Profiting From the Token
Hunter Biden addressed the crash on X, saying neither he nor his team had sold any tokens.
“The team’s allocation is locked. Nobody on our side sold, and nobody could have,” Biden wrote. “I, personally, have not made a single dollar.”
As you may have seen, the LAPTOP memecoin saw a sharp swing in token price during its first hours of trading.
The headlines are all the same.
Token down 99%. Rug pull. Biden Crime Family. The list goes on.
This is far from the truth.
The reality is that available liquidity…
— Hunter Biden (@HunterBiden) September 9, 2026
The LAPTOP team published a community update defending the launch. They said there was no presale and no token allocations given to investors, influencers, or key opinion leaders.
“There was no stealth deployment, no hidden supply, and no surprise to benefit insiders,” the team said.
The founders hold 30% of the 1 billion token supply. That allocation is locked for six months and vests monthly over two years after that.
Another 30% of supply is tied to a predictions program linked to political, cultural, and crypto events. Tokens are burned or sent to charity depending on outcomes.
The team also reserved 2% of supply for traders who lost money on the TRUMP memecoin, and 8% for subscribers to Biden’s “Where’s Hunter” Substack newsletter.
To improve liquidity, the team said it would deploy 4 million tokens as incentives on Aerodrome pools, starting midnight UTC on Thursday. Plans to burn 10 million tokens within the first week were also announced.
At the time of writing, LAPTOP was trading at $0.8562 according to CoinGecko.
