Hunter Biden's LAPTOP Memecoin Crashes 99% After Launch

Hunter Biden launched a new cryptocurrency token named LAPTOP, referencing the controversy surrounding his personal laptop, which experienced a dramatic price collapse shortly after its debut on the Base network, an Ethereum layer-2 blockchain developed by Coinbase. The token, trading under the ticker LAPTOP, saw its value plummet by as much as 99% within its first hour of trading on Wednesday, September 9, 2026. According to reports, LAPTOP began trading with an initial supply of 1 billion tokens, with 350 million circulating at launch. The token briefly reached an early high valuation before experiencing a sharp decline. Blockchain analytics firm Arkham reported that the token's fully diluted valuation briefly surged to $144 billion, while the associated liquidity pool held only about $48,000. This stark contrast between valuation and liquidity contributed to the rapid price drop. Project disclosures characterize LAPTOP as a digital collectible with no inherent utility, ownership rights, governance, yield, or profit-sharing mechanisms.