Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
60-second summary
LAPTOP, the token tied to Hunter Biden’s new laptop, crashes from $190 to under $4 within minutes after a $1.6 billion debut on Base, wiping out roughly 98 % of its value; on‑chain data shows market makers received the tokens a week before trading opened, suggesting pre‑distribution manipulation and prompting concerns over token launch integrity and broader crypto market credibility.
LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before trading began.