PANews|Sep 10, 2026 05:30
[Bubblemaps: Approximately 80% of LAPTOP traders incurred losses, with two individuals losing between $100,000 and $1 million]
The memecoin 'LAPTOP,' launched by Hunter Biden, briefly reached a market capitalization of approximately $110 billion on its first day of trading on decentralized exchanges. However, its price plummeted over 99% from more than $300 to around $0.84. On-chain analytics firm Bubblemaps reported that approximately 80% of traders suffered losses, with two individuals losing between $100,000 and $1 million, around 100 people losing between $10,000 and $100,000, and approximately 700 people losing between $1,000 and $10,000. The LAPTOP team stated that the initial market-making liquidity was insufficient, allowing sniper bots to front-run trades. They plan to inject 4 million tokens into the Aerodrome pool to incentivize liquidity and implement token burns triggered by predictive market events, with an estimated 1% of the supply to be burned in the first week.
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