Who made money from the hype?
The launch of $LAPTOP ended in a complete collapse: according to Bubblemaps, around 80% of traders ended up in the red - 12,151 out of 15,206 wallets.
Within minutes, the token surged to hundreds of dollars before crashing by more than 95 - 99%. The project team cited overly low initial liquidity and sniper bot activity as main reasons for the dump.
Meanwhile, exchanges aggressively listed the token for trading, with specific platforms offering trading tools and promotion for the new asset. For instance, KuCoin launched LAPTOP/USDT trading on release day.
As a result, a small group of early participants extracted millions in profit, while thousands of retail traders suffered losses.
$LAPTOP served as yet another reminder: huge trading volume does not equal a fair market.
#Laptop #CryptoNews #memecoin🚀🚀🚀 #cryptotrading #defi
The launch of $LAPTOP ended in a complete collapse: according to Bubblemaps, around 80% of traders ended up in the red - 12,151 out of 15,206 wallets.
Within minutes, the token surged to hundreds of dollars before crashing by more than 95 - 99%. The project team cited overly low initial liquidity and sniper bot activity as main reasons for the dump.
Meanwhile, exchanges aggressively listed the token for trading, with specific platforms offering trading tools and promotion for the new asset. For instance, KuCoin launched LAPTOP/USDT trading on release day.
As a result, a small group of early participants extracted millions in profit, while thousands of retail traders suffered losses.
$LAPTOP served as yet another reminder: huge trading volume does not equal a fair market.
#Laptop #CryptoNews #memecoin🚀🚀🚀 #cryptotrading #defi