Hunter Biden's $LAPTOP Token Surged 600,000% Then Crashed 98%
- —$LAPTOP jumped from $0.05 to $317 in two minutes, then fell 98% in an hour
- —The launch pool held only $5,200 in liquidity despite a reported $500,000 raise
- —Market Maker 1 pulled liquidity 84 seconds after the peak, netting about $686,000
- —Market Maker 2 generated over $2.1 million in net profits from launch trading
Why it matters: The episode shows how memecoins with tiny liquidity can post huge headline valuations while leaving traders unable to exit near quoted prices.
Source: CryptoNinjas