Hunter Biden’s LAPTOP meme coin plunged 99% on its launch day on Base, falling from an initial price of $200 to below $2 according to CoinMarketCap data. The one-billion-token coin was created as a reference to the laptop he left at a Delaware repair shop in 2019, which became central to a political controversy surrounding the 2020 election. The project allocates 30% of the supply to founders with a six-month lockup and vesting over more than two years, while 20% is reserved for airdrops targeting wallets that lost money on Donald Trump’s TRUMP token. The token’s market capitalization still exceeded $770 million at the time of publication, with a fully diluted valuation of approximately $2.2 billion.
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