LAPTOP Token Price Crash Deepens as Hunter Biden Dip Buyer Turns $170K Into $21K

• One trader spent about $170,000 buying LAPTOP token after its initial 98% price crash, only to see the position fall to roughly $21,000
• Bubblemaps data shows around 80% of tracked LAPTOP traders were underwater after the launch, with more than 11,000 wallets losing under $1,000
• Hunter Biden’s team blamed sniper bots and thin liquidity for the volatility and said 4 million LAPTOP tokens would be added to Aerodrome liquidity pools

The LAPTOP token price had already collapsed about 98% when one trader decided the selloff had gone far enough. It had not. Onchain data shows the wallet spent roughly $170,000 buying Hunter Biden’s memecoin after its launch-day plunge, only for the position to lose most of its value again. The trade adds another layer to a chaotic debut that has already left thousands of buyers underwater and raised questions about just how thin the market was.

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LAPTOP Token Price Keeps Falling After 98% Crash

The LAPTOP token launched on Base on Wednesday and quickly became one of the day’s most volatile trades. MarketWatch reported that it rose from an initial reference price near $37 to above $200 before falling to around $1.80 later in the session. Trading volume reached roughly $39 million. At press time, the asset was trading at $0.8518 following a 96.9%

Amidst this, the trader bought 28,448.72 LAPTOP at an average price of $5.97, spending about $170,000 after the initial collapse. The position was later worth just $21,000, leaving the wallet down roughly $149,000, or another 87%, on paper.

The damage was hardly limited to one wallet. Bubblemaps found that roughly 80% of tracked traders were losing money after the launch. More than 11,000 wallets had losses below $1,000, while two traders were down between $100,000 and $1 million. The Washington Post also reported that the token supply was highly concentrated before trading began.

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Hunter Biden Team Blames Sniper Bots and Thin Liquidity

The LAPTOP Biden team has pushed back against claims of a rug pull, blaming sniper bots and insufficient liquidity for the violent launch. Hunter Biden has separately said he has not made a “single dollar” from the token.

The project is now trying to deepen liquidity, including plans to direct 4 million LAPTOP tokens toward Aerodrome pools. For the trader who bought after the first crash, however, better liquidity came too late. The trade is a sharp reminder that a 98% fall does not necessarily mean a memecoin has found its floor.

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