Trader Loses 87% After Buying $LAPTOP Dip at $5.97

A crypto trader attempted to catch the dip of $LAPTOP, a meme token built on the Base blockchain, but the token kept falling, wiping out most of the $170,000 spent.

Purchase and Current Value

The trader bought 28,448.72 $LAPTOP tokens at $5.97 per token, according to on‑chain data from Lookonchain. The holding is now valued at roughly $21,000, reflecting an 87% loss as the price sits near $0.87 per token, as shown by a wallet tracked on DeBank.

Token Launch and Early Crash

$LAPTOP launched on a Wednesday and lost about 98% of its value within the first hour, falling from a peak of $190.81 to a low of $3.70. An hour after launch the price settled around $4.77, valuing the token at about $1.6 billion against a liquidity pool of $2.5 million.

Liquidity and Ownership Structure

• Blockchain intelligence firm Arkham reported that the liquidity pool backing $LAPTOP held roughly $48,000 shortly after launch.
• The token’s fully diluted market cap briefly reached $144 billion.
• Founders, including Hunter Biden, hold 30% of the one‑billion token supply, locked for six months and vesting over two years.
• An additional 20% is allocated to wallets burned by the related $TRUMP token and to Biden’s Substack subscribers.
• A further portion is tied to a mailing list associated with video journalist Andrew Callaghan, who has no role in the project.

Other Large Purchases

Another wallet spent $200,000 near the token’s all‑time high, and that stake also dropped to a few thousand dollars within hours, illustrating the extreme volatility.

Takeaway

The $LAPTOP token’s thin order book and rapid price swings have punished both early buyers and those attempting to buy the dip, underscoring the high risk of meme‑coin speculation.