Fnalysis.
Garage-Sale Liquidity
Hunter Biden launched the $LAPTOP memecoin, watched it hit $222 a token in five minutes... and then crash 98% in under an hour
On September 9, 2026, Hunter Biden launched the $LAPTOP memecoin on the Base network — a wink at the laptop that fueled years of headlines about him — and the token shot up from $37 to over $220 in its first five minutes. An hour later it had already lost 98% of its value, and two days on it bottomed out at 30 cents: a 99.85% collapse.
The team blamed the crash on thin initial liquidity: according to Hunter Biden, only $5,000 had been put into the pool backing a token that briefly touched a paper market cap near $1.6 billion. Data from analytics firm Nansen showed 80% of day-one buyers lost money, with a single wallet down $199,000 alone.
Source: Forbes →He swapped the laptop for a wallet, and still managed to empty both.