Hunter Biden’s LAPTOP Memecoin Crashes 99% Since Launch After Topping $50 Billion Market Cap — How It Compares With Official TRUMP Token in Debut Week

Since its launch on Base, a Layer 2 blockchain created by Coinbase Global Inc., Hunter Biden's Laptop (LAPTOP) memecoin has experienced a dramatic downfall, much worse than President Donald Trump's memecoin in its debut week. When it first appeared, LAPTOP was valued at around $37, but it quickly climbed to a record high of $401.12, giving it a market cap of $50 billion.

However, just an hour later, the coin plummeted by 98%, causing 80% of traders to lose their investment. On-chain data suggested the price drop was due to insider distribution rather than regular selling. The coin is still experiencing strong selling pressure and has lost more than 99% of its value in just one week.

In contrast, the Official Trump memecoin, launched in January 2025 shortly before Trump's inauguration, started at $1.20 and increased to a peak of $75.35 within two days. It too experienced a sharp decline, ending the first week at $28.89, a 2,290% return from the launch price. Despite this significant rise, the token failed to recover its former glory.