As reported by CoinDesk, the memecoin peaked at $190.81 two minutes after it debuted on Wednesday. Its value tumbled quickly after that, with LAPTOP now sitting at around $2.16 — a more than 98 percent drop. President Donald Trump’s memecoin has similarly dipped in value, resulting in more than $3.8 billion in losses. [Link: Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut | https://www.coindesk.com/business/2026/09/09/hunter-biden-s-laptop-memecoin-debuts-at-usd1-6-billion-market-cap | CoinDesk]

Hunter Biden, the son of former President Joe Biden, is set to launch LAPTOP, a meme coin inspired by the laptop in the 2020 controversy.

LAPTOP debuts Wednesday on Base, with nearly a third of the supply set to be burned if a slate of political and market outcomes — including a Democratic win in 2028 — comes good.