Hunter Biden’s LAPTOP Memecoin Crashes 99% Since Launch After Topping $50 Billion Market Cap — How It Compares With Official TRUMP Token in Debut Week
It’s been a bloodbath for Hunter Biden’s Laptop (LAPTOP) memecoin since its launch a week ago, far worse than that of President Donald Trump’s memecoin in its debut week.The Glitchy LAPTOPLAPTOP launched on Base, a Layer 2 blockchain developed by Coinbase Global Inc. ), at roughly $37, according to CoinMarketCap. Within minutes, it surged to a record high of $401.12, pushing its market cap to $50 billion.However, the frenzy was short-lived.An hour later, LAPTOP crashed by 98%, with 80% of traders losing their money. On-chain data rather than ordinary selling.The coin remains under heavy selling pressure and is down more than 99% in its first week.CryptocurrencyGains in First Week +/-Gains Since All-Time High +/-Price (Recorded at 3:00 a.m. EDT)Official Trump+2290%-97.4%$1.95Laptop -99.56%-99.97%$0.1633What’s the TRUMP Story?The Official Trump memecoin was launched in January 2025, .The coin started trading at $1.20, then surged to an all-time high of $75.35 within the next two days. Just like Hunter Biden’s LAPTOP memecoin, the pump quickly turned into a dump.TRUMP closed its first week at $28.89, netting a 2,290% return from the launch price. However, the decline from its peak has been severe, and the token has failed to reclaim lost ground. Read Also: Donald Trump Jr. Needed 2 Islands and Fireworks, Says Hunter Biden, as Lavish Bahamas Party Faces Scrutiny Over Putin-Linked Russian Oligarch Biden launched the memecoin, invoking the controversy surrounding his personal laptop recovered in 2020. He framed the memecoin as a symbol of resilience, redemption, and recovery.He said that 20% of LAPTOP supply would be airdropped to wallets, including those that lost money on the TRUMP memecoin. Read Also: Hunter Biden's Memecoin Launch May Have 'Accidentally' Helped Move the CLARITY Act Forward, Says Analyst: 'Now It Can't Just Be About Trump' Photo courtesy: Shutterstock