Hunter Biden’s LAPTOP Quoted Price Hit Approximately $317 in Two Minutes

Hunter Biden’s LAPTOP memecoin briefly reached a quoted price of approximately $316.75 within two minutes of launching on Base, but the displayed level was not executable for substantial sales and the token fell 98.27% during its first hour.

LAPTOP launched at 8:02:45 a.m. ET (12:02:45 UTC) Sept. 9 with 29,885.34 tokens in its main Aerodrome pool, equal to 0.002989% of its original 1 billion-token supply. The quoted price climbed from $0.05 to approximately $316.75 by 8:04:29 a.m. ET (12:04:29 UTC).

The pool held 35,662.83 USDC across liquidity providers. A purchase of 6.02 USDC could raise the quoted price by 5%, while sellers could receive 7,376.43 USDC before causing a 5% decline.

A wallet assessed with moderate confidence as likely controlled by “Market Maker 1” received 500,000 USDC before launch but placed 5,243.96 USDC into its opening positions. That amount represented part of the pool’s opening USDC, not its total liquidity.

The main pool recorded 22,475 swaps during the first hour. At 8:05:53 a.m. ET (12:05:53 UTC), 84 seconds after the peak, the launch-liquidity Safe withdrew a position. Cash available to sellers before another 5% decline fell from 16,157.51 USDC to zero, and liquidity resumed 16 seconds later in different ranges.

LAPTOP’s ratio of buying needed to push the price up 5% versus selling needed to push it down 5% was 1,224.38-to-1, compared with a high of 32.76-to-1 among 668 other token launches.

Transactions linked to a second market maker received 2,184,461.39 USDC more than they paid. After recorded group-paid gas, the USDC component remained approximately 2,184,227.55 USDC-equivalent positive.

Market Maker 1’s liquidity positions ended with 685,872.85 USDC and 59,235.947047 LAPTOP before gas. Some fees were reserved for a lender under a loan agreement, so the balance was not entirely unrestricted income.

The market makers were not publicly named, and blockchain addresses do not establish corporate ownership. The available transaction record also does not establish that either market maker intentionally manipulated the price or caused the entire decline.

The designated founder wallet held 300 million LAPTOP, or 30% of the original supply, and made no outgoing LAPTOP transfers through 9:36:51 a.m. ET (13:36:51 UTC) Oct. 2. The allocation was locked for six months and then subject to a two-year vesting schedule.

Biden published the launch analysis Oct. 7 and called on the market maker involved in the launch to repurchase and burn the tokens. “The firm that screwed up the launch should buy it all back and burn it,” Biden said.

The development continues an earlier report on the proposed LAPTOP buyback and burn.