Crypto Exchanges
By Pankaj K
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One Wallet, $930,000 in Five Minutes. A handful of investors got out clean. One wallet pulled $249,800 from Binance before the launch,…
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What LAPTOP Was Actually Supposed to Do. The LAPTOP token wasn't just a random memecoin drop.
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No Ripple Effect on the Broader Market. Despite the chaos around the launch itself, LAPTOP didn't move the broader crypto market.
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Hunter Biden's memecoin hit Base on Wednesday and basically self-destructed within the hour. LAPTOP peaked at $190.
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A handful of investors got out clean. One wallet pulled $249,800 from Binance before the launch, used it to buy 9,124 tokens at roughly $27 each, then sold most of that position…
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Airdrops sent to Hunter Biden's Substack subscribers were worth over $400,000 at peak. Some of those recipients cashed out before the crash. Most didn't.
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And then there's the wallet that bought 919 tokens near $218 each, spending roughly $200,000. Within an hour, that position was worth under $3,000. That's a 98.
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The LAPTOP token wasn't just a random memecoin drop. It was framed as a kind of compensation — an airdrop aimed at wallets that had previously lost money on a memecoin tied to…
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That's a pretty grim outcome for what was sold as a make-good.
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The token launched on Base, which has become a popular chain for exactly this kind of speculative launch — fast, cheap, accessible. But fast and cheap cuts both ways.
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Related: Hunter Bidens LAPTOP Memecoin Launch Sparks Controversy with 1 Billion Token Supply
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Despite the chaos around the launch itself, LAPTOP didn't move the broader crypto market. Major cryptocurrencies and altcoins stayed pretty much flat in the immediate aftermath.
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That's kind of the pattern with these things. Individual memecoins, even ones with big name recognition attached, tend to be isolated events.
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Still, the LAPTOP launch is a useful case study in how airdrop strategies can go sideways. Distributing tokens to a niche audience — in this case, Substack subscribers and…
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The speculative environment around celebrity or politically adjacent memecoins isn't new. Tokens tied to public figures have launched and collapsed before.
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