Morning Minute: Hunter Biden’s LAPTOP Crashes

GM!

Today’s top news:

• Crypto majors fall 1-3% as oil, bonds continue rise; BTC at $77.8k
• Recent alt leaders VVV, LIT, PUMP retrace 8-10%
• Consensys is splitting into 2 companies, MetaMask focused on wallet and Consensys keeping Linea and EVM
• Nasdaq invests $100M into Kraken parent at $21B valuation
• Pump debuts Custom Pairs while Stonkfun posts 4th straight $1M+ day

$81.8k$80.4k$79.1k$77.7k

24h HighHigh$79,607

24h LowLow$77,832

VolVol$1.1B

Market projectionsOdds by Myriad

💻 Hunter Biden’s LAPTOP Crashes

Hunter Biden’s memecoin LAPTOP launched on Base on Wednesday and peaked 120 seconds later at $190.81. Within 30 minutes it was down 90%. By the one-hour mark it traded near $4.77, and by afternoon it sat around $1.80, roughly 99% below the high. The token whose airdrop was designed to compensate wallets underwater on Trump’s meme coin spent its first day manufacturing a fresh set of them.

There were a few winners. One wallet pulled $249,800 off Binance before launch, bought 9,124 tokens at roughly $27, and sold most of the position minutes later near $129 a token for about $1.18 million. That’s a $930,000 gain on a five-minute hold. Hunter Biden substack subscribers received airdrops worth $400k+ at peak, and some of them managed to cash that out as well. Of course, there were big losers too. One wallet spent about $200,000 on 919 tokens near $218, a position worth under $3,000 an hour later—a 98.5% loss came down to seconds.