😳 This is exactly why political meme coins scare me more than they excite me..
Hunter biden's #LAPTOP literally went from around $199 to $0.76 in hours... -99.6%. At the crazy launch peak it briefly showed around $110B market cap / $144B FDV, while actual pool liquidity was only around $48K... basically numbers looked HUGE while liquidity underneath was tiny. At $0.76 with 350M circulating, that's only around $266M market cap now.
And we already saw this movie before...
$TRUMP ATH around $73... now ~$2... market cap that once reached roughly $14B+ is now around $570M.
$MELANIA once touched around $2B market cap... now barely around $100M, price down around 99% from ATH.
Political name + viral attention can bring BILLIONS in valuation insanely fast...
but when hype and liquidity leave? apparently billions can disappear equally fast 💀
Trade the hype if you understand the risk... but please don't confuse a famous surname with fundamentals.
#Laptop #HunterBiden
#BankOfAmericaGroupPilotsUSBDCStablecoin
📍 Always DYOR! and manage risk.
Hunter biden's #LAPTOP literally went from around $199 to $0.76 in hours... -99.6%. At the crazy launch peak it briefly showed around $110B market cap / $144B FDV, while actual pool liquidity was only around $48K... basically numbers looked HUGE while liquidity underneath was tiny. At $0.76 with 350M circulating, that's only around $266M market cap now.
And we already saw this movie before...
$TRUMP ATH around $73... now ~$2... market cap that once reached roughly $14B+ is now around $570M.
$MELANIA once touched around $2B market cap... now barely around $100M, price down around 99% from ATH.
Political name + viral attention can bring BILLIONS in valuation insanely fast...
but when hype and liquidity leave? apparently billions can disappear equally fast 💀
Trade the hype if you understand the risk... but please don't confuse a famous surname with fundamentals.
#Laptop #HunterBiden
#BankOfAmericaGroupPilotsUSBDCStablecoin
📍 Always DYOR! and manage risk.
