Hunter Biden's LAPTOP Memecoin Plunges 99% in Launch-Day Collapse

A Launch-Day Bloodbath on Base

The memecoin LAPTOP, launched by Hunter Biden — son of former US President Joe Biden — collapsed by more than 99% within hours of its debut, one of the sharpest launch-day reversals the Base ecosystem has seen this year. Trading opened on Sept. 9 on Aerodrome, the network's leading decentralized venue, and the token briefly spiked above $300 before sliding to roughly $0.84 by 00:10 ET on Sept. 10, according to DexScreener data. The team published a statement on Sept. 10 blaming sniper bots — automated programs that buy underpriced tokens the moment a pool opens — combined with an initial liquidity pool seeded at just $0.05 per token. On-chain analytics firm Bubblemaps described the debut as a “bloodbath,” estimating that roughly 80% of participating traders were left holding losses.

describedhttps://x.com/bubblemaps/status/2097715242969272655/photo/1

From $199.51 to Under $1

Price trackers paint a consistent picture of how fast the tape unwound, even where the exact peak differs. CoinGecko shows LAPTOP touching $199.51 shortly after launch before falling to $0.7234 on Sept. 10 — a drawdown of about 99.6% from the high. Another market feed recorded an intraday top above $222, with the token dropping below $2 within hours. The mechanics of the listing amplified the swing: the token traded primarily on decentralized venues rather than a major centralized exchange, so no deep reference market existed when the pool opened. On-chain analysis cited in mainstream reporting found the pre-launch supply was extremely concentrated, and the LAPTOP site confirms a total supply of 1 billion tokens with 35% — 350 million — unlocked at token generation, leaving a large float exposed to thin order books.

Team Pledges 4 Million Tokens and a Burn

The operating team's countermeasures center on liquidity and supply. From 00:00 UTC on Sept. 10, 4 million LAPTOP — 0.4% of total supply — were added to the Aerodrome pool, with further replenishment planned. The project's “Predictions” mechanism ties 30% of supply, 300 million tokens, to 30 verifiable real-world events: tokens behind events that resolve “Yes” are permanently burned, while “No” outcomes route to charity. Two predictions resolved “Yes” in launch week, putting 10 million tokens on a burn path — a supply reduction of about 1% within the first week, including 5 million triggered when digital artist Beeple mentioned LAPTOP. The team also stresses a no-presale structure with no KOL allocations: the founders' 30% is locked for six months in Coinbase Custody, then unlocks over two years. The token now trades on Kraken, KuCoin, Bitvavo and Bitpanda, plus the on-chain products of Coinbase, Base App, Binance and OKX.

12,151 Wallets Underwater

The on-chain record quantifies the damage. Bubblemaps' data shows 12,151 of 15,206 traders lost money, against 3,026 in profit. Most losses were small — 11,311 addresses under $1,000 — but 726 wallets lost $1,000–$10,000, 112 lost $10,000–$100,000, and two lost $100,000–$1 million. On the winning side, just 88 addresses captured roughly $5.57 million combined. Trading began at 8:02 AM ET on Base, with the peak printed about two minutes later per Arkham Intelligence; the liquidity pool held only around $48,000 even as fully diluted valuation briefly flashed $144 billion, then shed more than 95% in about 30 minutes. Bubblemaps adds that roughly 60% of large holders were fresh wallets funded within the prior 10 days. Biden himself posted on Sept. 9 that the token was “not going anywhere,” framing it as a counter to the ~$3.8 billion lost across nearly 1 million wallets on the TRUMP coin, with 20% of LAPTOP supply airdropped — including to TRUMP losers. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

postedhttps://x.com/HunterBiden/status/2097827672407847010

Can Fresh Liquidity Hold the Floor?

The throughline across these four threads is a familiar one: celebrity-branded memecoins with thin initial liquidity are structurally fragile, whatever their distribution promises. The most load-bearing document in this story remains the Bubblemaps on-chain analysis, whose wallet-level tally — 12,151 losing addresses out of 15,206 — is the primary record against which the team's “bots and liquidity” explanation will be judged. The precedent is unflattering: TRUMP sits more than 97% below its peak, and LAPTOP now mirrors that arc in compressed form. Whether the Aerodrome top-up and the 10-million-token burn can stabilize trading is the metric COINOTAG will watch next.