Bitcoin News
By Maheen Hernandez
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Thin Order Books, Big Swings. The collapse wasn't random. It's pretty much what happens when a meme coin launches with thin…
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TRUMP Coin Comparisons Are Everywhere. Comparisons to the TRUMP meme coin came fast. Traders and observers on social platforms drew the…
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What Traders Are Watching Now. The market cap and trading volume numbers are worth sitting with for a second. $1.
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Hunter Biden launched a meme coin. It collapsed almost immediately.
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The token, called LAPTOP — a nod to the infamous laptop Biden left at a Delaware repair shop during the 2020 election cycle — dropped from an opening price of $199 to $1.
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Despite that brutal drop, LAPTOP is still trading around $2.54 as of the latest data. Market cap sits at $1.24 billion. Fully diluted valuation is at $3.56 billion.
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Hunter Biden had made pre-launch remarks referencing other meme coins — ones tied to Trump and other public figures — seemingly hinting that LAPTOP was aimed at a similar audience.
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And that silence is telling. When a coin crashes 99% in 90 minutes and the people behind it say nothing, market participants are left guessing. Recovery? Further decline?
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Comparisons to the TRUMP meme coin came fast. Traders and observers on social platforms drew the parallel almost immediately after LAPTOP's nosedive.
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More context: Hunter Bidens LAPTOP Memecoin Launch Sparks Controversy with 1 Billion Token Supply
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That speed is what's really catching people's attention. The TRUMP coin had a longer window of elevated prices, which meant more opportunity — good or bad — for traders to…
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The broader meme coin market has seen this pattern before. Politically charged tokens tend to attract speculative buyers who are in for the narrative, not the fundamentals.
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The market cap and trading volume numbers are worth sitting with for a second. $1.24 billion in market cap on a coin trading at $2.54 is a weird combination.
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What's clear is that LAPTOP's launch exposed the same vulnerabilities that have tanked dozens of meme coins before it.
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See also: Visa’s $20 Billion Stablecoin Surge Sparks New Blockchain Credit Opportunities
The Currency Analytics
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