Live briefing · CoinDesk
Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
What CoinDesk reports, why it matters and what remains unconfirmed.
FinanceBy Oliver Knight at CoinDesk
The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Markets and price action
- Published
- Evidence status
- Cross-source reports linked
What CoinDesk reports
LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before trading began.
The immediate significance
The report identifies a markets development, but the available information does not provide enough matched evidence for a more specific impact judgment. That assessment remains open.
Decrypt and CoinDesk have also published a related report, providing another attributed account to compare without treating repetition as proof.
What remains unknown
- No matched primary document independently supporting the central claim is linked to this page.
Developing Across Sources
How the story developed
CoinDesk and Decrypt are reporting related developments. Reports are shown in publication order; separate coverage is not independent confirmation.
CoinDeskCurrent briefing Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before trading began.
Decrypt What Is LAPTOP? Hunter Biden's Meme Coin Targeting TRUMP Holders
The LAPTOP token launched on Base in September 2026, peaked two minutes later, and shed almost all of its value the same day.
CoinDesk Dogecoin sinks 5% to lead majors' losses, with bitcoin holding $78,000 level
Dogecoin led the losses, BNB fell about 4% and XRP 3%, with oil pushing Treasury yields to their highest since late 2023.
CoinDesk Hunter Biden’s LAPTOP blames bots after 98% crash as traders rack up six-figure losses
The team said thin liquidity and automated traders distorted the launch, while Nansen data showed some early buyers sitting on six-figure losses after the memecoin’s debut.
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