Crypto news report · source clearly identified
LAPTOP Token Plummets Over 98% Minutes After Launch on Base
The newly launched LAPTOP token fell from $190 to under $4 within minutes of its debut on the Base network, after a week‑long distribution to market makers.
The LAPTOP token experienced an extreme price collapse shortly after its launch on the Base blockchain, dropping more than 98% in under an hour.
Rapid Price Decline
Trading opened with the token priced around $190. Within minutes, the price fell below $4, representing a loss of over 98% of its initial value.
Pre‑Launch Distribution
On‑chain data indicates that the token was allocated to market makers for a full week before public trading began, suggesting a period of pre‑launch liquidity provisioning.
Implications
The swift devaluation highlights the volatility that can accompany new token launches, especially when large allocations are made to market participants ahead of trading.
Source & attribution
News Source
- Publisher
- CoinDesk
- Original date
- September 9, 2026, 1:57 PM
- Original headline
- Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut