LAPTOP memecoin plunges 98% as team blames bots for distorted launch

The LAPTOP memecoin suffered a 98% crash after its debut, with the project team attributing the sharp move to thin liquidity and automated trading activity. The team said bots distorted the launch, adding to volatility in the newly introduced token. Data from Nansen showed that some early buyers were sitting on losses of six figures following the sell-off. The decline highlights the risks associated with limited-liquidity memecoins, where automated orders and a small trading base can produce large price swings. LAPTOP is linked to Hunter Biden’s Laptop and was among the assets tracked in the market reaction. No additional details on the token’s price or trading volume were provided in the source material.