Hunter Biden‘s LAPTOP meme coin peaked two minutes after Wednesday’s launch and now trades 99% below that high. One trader cleared more than $1 million inside the window. Another turned $200,000 into less than $2,000.
Blockchain analytics firm Arkham put the peak at $199.51. Hours later the token changed hands at $2.27, a market value near $794.5 million, and it has kept sliding since. It trades on Base, the network Coinbase built.
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Hunter Bidens Laptop Price Performance. Source: BeInCryptoA $48,000 Pool Was Pricing a $144 Billion Token
Arkham said the pool of money backing LAPTOP trades held about $48,000 shortly after launch, while the tokens full supply was being valued at $144 billion. A liquidity pool is the pot of assets buyers trade against, and a shallow one means a modest order moves the price a long way.
DID LAPTOP TOP IN 2 MINUTES？
LAPTOP just launched at 8:02pm. It reached a peak price 2 minutes later at 8:04.
The FDV of the coin is currently $144B and the liquidity pool contains $48K. pic.twitter.com/9yvDk6r2sB
— Arkham (@arkham) September 9, 2026
That mismatch drove what followed. The LAPTOP price was anchored to almost nothing, so a few large buys could mark it in the hundreds of dollars, and a few sells could erase that.
Ownership is concentrated too. Arkhams holder list shows the two largest wallets, both tied to the project, holding 30% of supply each.
The $200,000 Buyer Paid More Than LAPTOP Ever Traded At
Blockchain tracker Lookonchain found the losing trader withdrew $250,000 from Binance before the launch, then spent $200,000 on 919 LAPTOP at an average of $218 a token.
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Don't FOMO!
This guy turned $200K into just $3K by FOMOing into @HunterBiden's $LAPTOP.
He withdrew $250K from #Binance in advance to buy $LAPTOP as soon as it launched.
He ended up spending $200K to buy 919 $LAPTOP at a high price of $218, which is now worth only $3K.… pic.twitter.com/JLgqlotPyI
— Lookonchain (@lookonchain) September 9, 2026
That average sits about 9% above Arkhams record high of $199.51. In a pool that shallow, an order that size pushes the price up as it fills. He absorbed his own impact. The stake has since fallen under $2,000.
On the other side, a wallet Lookonchain labels 0xa5019 spent 100 ether (ETH), worth $249,800, on 9,124 LAPTOP at roughly $27 each, then sold 8,480 of them for 472 ETH, or $1.18 million.
Biden had set expectations low.
“You should not expect me or anyone else to make this token more valuable for you. $LAPTOP isn‘t just about owning something, it’s about saying something,” he wrote.
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Where the Price Landed Was Called Two Days Early
BeInCrypto calculated on Monday that LAPTOP would need roughly $2.26 a token to match Official Trump (TRUMP) across its full supply, the level that triggers Bidens promised token burn. Hours after launch it changed hands within a cent of that mark.
Bidens airdrop plan hands 20% of supply to community wallets, including people who lost money on TRUMP. That token trades near $2.20, about 97% under its January 2025 peak. Whether they sell into the same shallow pool is the next test.