Hunter Biden launched his memecoin as a symbol of "resilience, redemption and recovery." The token's price action, however, has shown little evidence of any of those traits.

This LAPTOP Is Broken

Laptop (LAPTOP) dropped more than 12% in the past 24 hours, bringing its total decline since launch to 99.43%.

The coin launched on Base, a Layer 2 blockchain developed by Coinbase Global Inc. (COIN). Within minutes, it surged to a record high of $401.12, pushing its market cap to $50 billion.

But the pump was followed by an equally dramatic dump.

An hour later, LAPTOP crashed by 98%, with 80% of traders losing their money. On-chain data attributed the price collapse to insider distribution rather than ordinary selling.

With no end in sight to the decline, LAPTOP's market capitalization has collapsed to $75 million.

Will LAPTOP Rebound?

Biden recently tagged Elon Musk and jokingly asked him for help with his struggling memecoin before the AI doom prophecy became true.

Notably, Biden refuted claims of a "rug pull" or any involvement in the price manipulation and blamed legacy news and "social media trolls" for distorting the narrative.

Meanwhile, Biden announced that 0.5% of LAPTOP's memecoin supply, roughly $1.1 million, has been burned after the Philadelphia Eagles won their NFL regular-season opening game.

As part of the token's prediction mechanism, 30% of the total supply is allocated to a pre-programmed burn mechanism triggered by specific world events.

The Philadelphia Eagles (@Eagles) won their opening game. Go Birds! As part of the token's novel prediction mechanism, 0.50% of the total $LAPTOP supply (~$1.1 million at current prices) has been burned. — Hunter Biden (@HunterBiden) September 14, 2026

Price Action: At the time of writing, LAPTOP was exchanging hands at $0.2162, down 12.62% in the last 24 hours, according to data from CoinMarketCap.

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