Hunter Biden’s LAPTOP Memecoin Surges to $110 Billion Market Cap Before 99% Crash

The newly launched LAPTOP memecoin, promoted by Hunter Biden, experienced extreme volatility on its first trading day. Within minutes of starting on the Base network after 8 a.m. ET, the token rose to over $300, pushing its market capitalization to roughly $110 billion before falling more than 99%.

Tokenomics and Airdrop Mechanics

Ten percent of the 1 billion‑token supply was earmarked for an initial community airdrop. Subscribers to Biden’s Substack before Sept. 6 were eligible, and on‑chain data shows each eligible address claimed 4,276 LAPTOP tokens. At the $300 peak, that allocation would have been worth about $1.3 million, though liquidity constraints made realization unlikely.

Post‑Crash Value

After the price fell to around $2, the same allocation still represented roughly $8,000 in value.

Investor Outcomes

• More than 80% of wallets that purchased LAPTOP were in the red, according to Bubblemaps data.
• Over 11,500 wallets bought the token during the launch.
• Approximately 60% of the top holders were newly created wallets funded within the prior ten days, with most receiving funds on the launch day.

Distribution Details

• 30% of the total supply is allocated to founders, including Biden, with a six‑month lock and a 24‑month vesting schedule.
• Another 30% is tied to real‑world predictions, with tokens to be burned or donated to charity based on outcomes.
• 2% of the supply is reserved for traders who lost money on a competing political memecoin.

Founder’s Narrative

Biden described LAPTOP as a memecoin focused on “resilience, redemption, and recovery” and positioned it as a way to give back to supporters, while also criticizing other political memecoins launched in recent years.