šØ FROM $199 TO UNDER $1ā¦ IN HOURS?!
Guys this is one of the wildest #memecoin launches Iāve seen recently. Hunter Bidenās new $LAPTOP token launched on Base on Sept. 9 ā and the timeline is INSANE:
Launch: around $0.05
Minutes later: price exploded to $199.51 ATH
Peak valuation: hundreds of millions in market cap, with the implied valuation briefly going much higher because of the tiny initial liquidity
Then came the dumpā¦ā¼ļøNow: around $0.77āFrom ATH: roughly -99.6%. Current market cap: ~$270M. 24h volume: ~$24M+
And yesā¦ this all happened basically within a day.
But WHAT caused the crash?
The biggest issue was extremely thin liquidity + insane launch volatility. Early automated traders/sniper bots pushed the token to absurd valuations before normal market conditions could develop. Once selling started, there simply wasn't enough liquidity to absorb it. And this is where things get controversialā¦ā¼ļøSome people are already calling it a rug pull, while others point to the launch structure and lack of liquidity. There is currently no confirmed evidence that Hunter Biden personally dumped tokens during the crash, so I wouldn't call that proven.
ā ļø The lesson?
This is exactly why I don't chase a candle just because it's going vertical. $0.05 ā $199 ā <$1. That's not a normal pump. That's a liquidity + hype + FOMO explosion.
If you're buying a memecoin after it has already done 1000x+, you're not buying the same setup as the early buyers you're potentially becoming their exit liquidity.
Would you buy $LAPTOP after a 99% crashā¦ or is this still a complete NO-TRADE zone?
$USDC | $TRUMP
#Laptop #BinanceSquare #CryptoNews #TrendingTopic
Guys this is one of the wildest #memecoin launches Iāve seen recently. Hunter Bidenās new $LAPTOP token launched on Base on Sept. 9 ā and the timeline is INSANE:
Launch: around $0.05
Minutes later: price exploded to $199.51 ATH
Peak valuation: hundreds of millions in market cap, with the implied valuation briefly going much higher because of the tiny initial liquidity
Then came the dumpā¦ā¼ļøNow: around $0.77āFrom ATH: roughly -99.6%. Current market cap: ~$270M. 24h volume: ~$24M+
And yesā¦ this all happened basically within a day.
But WHAT caused the crash?
The biggest issue was extremely thin liquidity + insane launch volatility. Early automated traders/sniper bots pushed the token to absurd valuations before normal market conditions could develop. Once selling started, there simply wasn't enough liquidity to absorb it. And this is where things get controversialā¦ā¼ļøSome people are already calling it a rug pull, while others point to the launch structure and lack of liquidity. There is currently no confirmed evidence that Hunter Biden personally dumped tokens during the crash, so I wouldn't call that proven.
ā ļø The lesson?
This is exactly why I don't chase a candle just because it's going vertical. $0.05 ā $199 ā <$1. That's not a normal pump. That's a liquidity + hype + FOMO explosion.
If you're buying a memecoin after it has already done 1000x+, you're not buying the same setup as the early buyers you're potentially becoming their exit liquidity.
Would you buy $LAPTOP after a 99% crashā¦ or is this still a complete NO-TRADE zone?
$USDC | $TRUMP
#Laptop #BinanceSquare #CryptoNews #TrendingTopic
