Compass Investments

The price of Hunter Bidens meme token, $LAPTOP, crashed by 99% from its peak.

Thanks to the issuance of 1 billion coins, its market cap reached $110 billion just a few minutes after launch. But at the time of writing, its fully diluted market cap stands at just $1.9 billion.

The average daily trading volume per minute ranges from $20,000 to $30,000, and the price is currently just under $2, which is far below the all-time high of $316.

The price of $LAPTOP (according to DEX Screener). LINE_BREAK The Biden token was announced earlier this week, which did not generate much interest in the crypto community, while Pump Fun and Kraken initially promoted it but later withdrew their support.

Some observers claim to have spotted snipersbots designed for ultra-fast tradesthat took advantage of the launch.

Crypto analyst Dethective claims that one such sniper managed to make about $190,000.

Another analyst, Donaxbt, says that the luckiest sniper among those he observed made $335,000. It is reported that others earned significantly more than $60,000.

Meanwhile, Lookonchain claims that market maker Wintermute has already sold $LAPTOP tokens worth $2 million obtained from the launch.”,”detected_source_language”:”RU