LAPTOP Token Slumps 99% After Launch, Trading Near Zero

Hunter Biden’s memecoin, $LAPTOP, is under severe pressure after losing 99.6% of its value from launch and trading at $0.8832 at the time of the latest update. The move leaves the token far below its initial level and highlights how quickly liquidity can evaporate in speculative, personality-driven crypto assets.

Biden described the decline as a “sharp swing” tied to technical issues, adding that conditions have since stabilized to healthier levels. Even so, the token remains down more than 99% since launch, a drawdown that suggests the market has largely reassessed the asset’s credibility and tradability.

The latest update also noted that Biden’s foundation’s official account has been suspended, though he denied wrongdoing in the available context. That development may add reputational risk around the project, but the dominant market signal remains the token’s steep collapse and limited evidence of durable demand.

For traders, the episode is less about a single price print and more about structural risk in thinly traded memecoins. Assets with limited liquidity, concentrated ownership, or weak utility can reprice violently on modest order flow, technical disruptions, or shifts in social attention.