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09/10/2026

Hunter Biden’s LAPTOP Token Crashes 99% Amid Sniper Bot, Liquidity Controversy

What happened: The LAPTOP token, launched on Base chain and promoted by Hunter Biden, crashed by roughly 99% within 90 minutes of launch, wiping out nearly $110 billion in peak market cap.

Hunter Biden’s LAPTOP Token Crashes 99% Amid Sniper Bot, Liquidity Controversy

What happened: The LAPTOP token, launched on Base chain and promoted by Hunter Biden, crashed by roughly 99% within 90 minutes of launch, wiping out nearly $110 billion in peak market cap. The team blamed "predatory sniper bots" and thin liquidity, but onchain analysis revealed project-controlled wallets sold about 42.5 million tokens post-launch. Remediation efforts include new liquidity incentives and supply burns tied to prediction-market outcomes.

Why it matters: The incident highlights ongoing risks in high-profile memecoin launches, especially when celebrity-driven projects lack robust liquidity management. While the team disputes rug-pull allegations, onchain evidence of insider selling has fueled skepticism and reputational damage. The episode underscores the need for greater transparency and caution in retail-facing crypto launches.

Source: The Block