Overview
- The token launched on Base on Wednesday and shot to roughly $190–$300 within minutes before plunging about 98–99% inside an hour and settling in the low single digits.
- LAPTOP was issued with a 1 billion supply, 350 million tokens unlocked at launch, and a 30% founder allocation locked for six months then vested over two years.
- On-chain trackers show pre-launch transfers to a multisig and token allocations routed to market makers including GSR and Wintermute and to exchange deposit addresses.
- Analytics firms report most retail wallets lost money while a small number of early actors realized large gains, with Bubblemaps and others putting retailer losses at roughly 60–80% of traders.
- The project team and Hunter Biden denied any insider sales, announced plans to add liquidity incentives to Aerodrome pools and burn tokens, and the episode has revived scrutiny of political memecoins after the earlier TRUMP token collapse.