Hunter Biden’s LAPTOP memecoin fell from an all-time high of $199.51 on September 9 to a low of $0.7234 on September 10, according to CoinGecko. The decline left the token 99.6% below its peak after an opening session marked by extreme price swings and thin liquidity.

Biden introduced LAPTOP through his own launch post, presenting it as a memecoin linked to community distributions and an effort to reclaim the narrative surrounding his laptop. The launch was followed by immediate backlash related to Base, including efforts by Base and other parties referenced around the rollout to distance themselves from any formal involvement. Crypto Adventure previously reported on the backlash.

Early Traders Record Sharp Gains and Losses

The token’s opening volatility produced sharply different results depending on when traders entered. One address withdrew $250,000 from Binance and spent about $200,000 to buy 919 LAPTOP at approximately $218 per token. The position subsequently declined to roughly $3,000, representing a paper loss of more than $190,000.

Another address entered earlier with 100 ETH, valued at about $249,800, and bought 9,124 LAPTOP. The wallet later sold 8,480 tokens for 472 ETH, worth roughly $1.18 million, while retaining 644 LAPTOP. The tracked trade was therefore more than $1 million in profit at the time of the analysis. The transactions were reported by Lookonchain and Lookonchain.

The difference between the two outcomes reflects the token’s unusually unstable opening market and does not, by itself, establish that the founder conducted a rug pull. LAPTOP’s official disclosures warn that the market may lack sufficient depth and that low liquidity can lead to severe slippage and losses.

Founder Allocation Locked for Six Months

LAPTOP launched with a fixed supply of one billion tokens, of which 350 million, or 35%, were available at token generation. The project’s official tokenomics allocate 30% to founders, 30% to prediction-linked distributions, 20% across two community airdrops, 10% to liquidity, 5% to the foundation treasury and 5% directly to charity.

The project’s more detailed disclosures state that none of the 300 million founder tokens, including Biden’s allocation, were released at launch. Those tokens are locked for six months and then vest monthly over the following 24 months. The documents also state that the founder tokens are held with Coinbase Custody.

Because the documented founder allocation was unavailable for sale during the launch collapse, the token lockup is relevant to allegations of a rug pull. The 35% released at launch instead comprised the two airdrop allocations, liquidity inventory and foundation treasury tokens. The disclosed lockup and vesting schedule also gives readers specific supply-related milestones to monitor as the project progresses.

Part of the community distribution was intended for wallets with negative profit and loss on TRUMP, extending Biden’s effort to position LAPTOP against the economics of Donald Trump’s memecoin. Nearly 989,000 TRUMP buyers had previously accumulated an estimated $3.81 billion in realized and unrealized losses, according to Crypto Adventure.

CoinGecko recorded LAPTOP’s first-day range at $0.7234 to $199.51, with 350 million tokens in circulation. The token remained more than 99% below its launch peak on September 10.