Hunter Biden LAPTOP Memecoin Collapses 99% Within Hours of Launch

Hunter Biden's LAPTOP memecoin launched on the Base blockchain Wednesday and quickly became one of the most dramatic meme coin collapses on record. The token briefly reached a price near $200 on debut, generating a peak market valuation of roughly $1.6 billion, before crashing as much as 99% within two hours, falling to around $1.63 according to early reports.

The coin launched and attracted immediate speculative interest, but the near-total wipeout wiped out the vast majority of value for buyers who entered at or near the peak. The episode underscores the extreme volatility of politically themed meme coins, which have proliferated in recent years but frequently collapse shortly after launch as early holders liquidate positions.