Hunter Biden’s
$LAPTOP memecoin launched on Base today and, two minutes after open, Arkham put its fully diluted valuation at $144 billion.
At that same Arkham snapshot, the liquidity pool contained $48,000.
Only 350 million of the 1 billion tokens were unlocked at launch.
On DexScreener, that circulating supply marked a market cap of about $111 billion as the token wicked above $300.
The token then fell ~99%.
LAPTOP now trades at $1.29, with a $453.41 million market cap, $1.29 billion FDV, and $870,000 in liquidity.
Founders including Hunter Biden were allocated 30% of supply, locked for six months then vested over two years.
Another 20% was reserved for airdrops, including Substack subscribers and wallets that lost money on
$TRUMP.
Bubblemaps found 80% of traders lost money.
60% of top holders were fresh wallets with no prior on chain activity.
Lookonchain flagged a wallet that withdrew $250,000 from Binance and spent $200,000 on 919 tokens at $218.
That position fell to about $3,000.
Celebrity memecoins continue to convert attention into retail losses within minutes.