Hunter Biden's $LAPTOP Token Launches on Base, Then Crashes 98%
United States

David Swanson/Reuters
Source Analysis
What Happened
What Happened
Where Sources Agree
- arrows_inputToken Launch and Crash: Several reports converge on the rapid decline of Hunter Biden's $LAPTOP token, which lost 98% of its value within one hour of its September 9 launch on the Base network; the tokenomics featured a one-billion total supply with 30% allocated to founders, according to multiple reports.
- arrows_inputToken Launch Crash: Various reports document that Hunter Biden's $LAPTOP memecoin crashed 98% within its first hour of trading on September 9; the token's fully diluted valuation briefly hit approximately $144 billion against just $48,000 in reported liquidity, according to blockchain analytics.
Where Sources Disagree
- arrows_outputAirdrop Allocation Structure: Initial reports indicated that 20% of the token supply was allocated to community airdrops. However, later project disclosures clarified that this allocation is split into two equal 10% tranches: one for day-one distributions and another for future airdrops.
- arrows_outputChannel 5 Mailing List Involvement: Initial reports stated that Andrew Callaghan’s Channel 5 mailing list was included in the distribution plan for Hunter Biden’s $LAPTOP token. However, Callaghan later clarified that the list was removed before any emails were sent, asserting that he and his channel had no involvement with the cryptocurrency project.
- arrows_outputFDV Discrepancy: Arkham Intelligence reported the LAPTOP's peak fully diluted valuation at about $144 billion, while other outlets cited a roughly $200 billion FDV.
Timeline
September 9, 2026
Liquidity, volume, and aftermath metrics: Analytics firms flagged a stark liquidity illusion — Arkham showed a roughly $144 billion FDV against only about $48,000 in the primary liquidity pool while CoinMarketCap reported pooled liquidity near $2.5 million; first‑hour trading volume was about $19 million, 350 million tokens (35%) were circulating at launch, and nearly one million wallets sat on an estimated $3.8 billion in combined losses. These figures framed the collapse as driven by thin liquidity and insider distributions.
September 9, 2026
Price spike then rapid crash: Within roughly two minutes of launch the token hit an intraday peak (reported as about $190) and then collapsed, losing roughly 98% from the peak and falling to as low as $3.70 within the first hour and trading around $4.77 an hour after open. Multiple feeds captured the dramatic rise-and-fall during the initial trading hour.
September 9, 2026
LAPTOP launches on Base: LAPTOP began trading on Base (Coinbase’s layer‑2), with Arkham recording the launch at about 8:02 p.m. and the token reaching an extremely high intraday price within minutes — an early peak reported around $190 per token. The open and immediate price action unfolded within minutes of trading beginning.
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Source Analysis
Timeline
September 9, 2026
Liquidity, volume, and aftermath metrics: Analytics firms flagged a stark liquidity illusion — Arkham showed a roughly $144 billion FDV against only about $48,000 in the primary liquidity pool while CoinMarketCap reported pooled liquidity near $2.5 million; first‑hour trading volume was about $19 million, 350 million tokens (35%) were circulating at launch, and nearly one million wallets sat on an estimated $3.8 billion in combined losses. These figures framed the collapse as driven by thin liquidity and insider distributions.
September 9, 2026
Price spike then rapid crash: Within roughly two minutes of launch the token hit an intraday peak (reported as about $190) and then collapsed, losing roughly 98% from the peak and falling to as low as $3.70 within the first hour and trading around $4.77 an hour after open. Multiple feeds captured the dramatic rise-and-fall during the initial trading hour.
September 9, 2026
LAPTOP launches on Base: LAPTOP began trading on Base (Coinbase’s layer‑2), with Arkham recording the launch at about 8:02 p.m. and the token reaching an extremely high intraday price within minutes — an early peak reported around $190 per token. The open and immediate price action unfolded within minutes of trading beginning.













