Hunter Biden’s LAPTOP token drops 99% in three hours, matching TRUMP token valuation

Rapid price decline

The LAPTOP meme token started trading on the Base network at 12:00 UTC on Wednesday. Within three hours the price fell from $247.55 to about $1.90, a drop of roughly 99%.

Key numbers

• Initial price (first five‑minute bucket): $247.55 on Aerodrome, $225.06 on Uniswap V4.
• Price after three hours: $1.90 on Aerodrome, $1.93 on Uniswap V4.
• Market cap after three hours: $678.4 million (Aerodrome) and $591.1 million for TRUMP token.
• Fully diluted valuation (price × 1 billion supply): about $2 billion for both tokens.

Market data on Base and Uniswap

The token traded on two deep pools: Aerodrome Slipstream and Uniswap V4. In the three‑hour window Aerodrome processed $13.4 million of volume, while Uniswap V4 processed $11.3 million. Liquidity on Aerodrome fell from $1.4 million to $691,488.

Comparison with TRUMP token

Both LAPTOP and the TRUMP token have a total supply of one billion. TRUMP’s price fell from $8.68 to $2.16 over twelve months; LAPTOP reached a similar $2 price in just three hours. TRUMP’s market cap is $591.1 million, while LAPTOP’s is slightly larger because more of its supply is unlocked (350 million vs. 273.1 million).

Token supply and unlock schedule

350 million LAPTOP tokens were unlocked at launch. The remaining tokens will unlock over 36 months. TRUMP tokens vest over twenty months, with 273.1 million currently circulating.

Prediction market and burn mechanism

Thirty percent of LAPTOP’s supply is tied to real‑world predictions. If a prediction is correct, the associated tokens are burned (removed). If it is incorrect, the tokens go to charity. The token’s website lists 12 political, six crypto, five cultural, and seven token‑specific questions. The resolution date is set for 9 September 2029.

Founders and allocation details

The token’s current allocation is 30 % to founders, 30 % to prediction outcomes, 10 % to a day‑one airdrop, 10 % to a future airdrop, 10 % to liquidity, 5 % to a foundation treasury, and 5 % to charity. Earlier reports had different percentages, but the site now shows the revised split.

Airdrop process

To claim a free airdrop, users provide an email address. The site creates a wallet for them. Eligibility includes Biden’s Substack subscribers, a mailing list managed by video journalist Andrew Callaghan, and wallets that hold losses on the TRUMP token. Unclaimed tokens burn after 30 days.

Copycat tokens performance

Imitation tokens using the LAPTOP name appeared on other chains. The largest copycat on Robinhood Chain fell 83.48 % in 24 hours, reaching a fully diluted valuation of $1.9 million with only $63,606 of liquidity left.

Sources

• The Defiant