New memecoin LAPTOP crashed 99% in its debut week following a $50 billion market cap peak, as on-chain analysis points to massive insider sell-offs on the Base network.
LAPTOP memecoin crashed over 99% in its first week after peaking at $401 and a $50 billion market cap, with on-chain data pointing to insider distribution.
Official Trump memecoin surged 2290% in its debut week but remains down 97.4% from its all-time high, failing to reclaim lost ground.
Coinbase Global is mentioned as the developer of Base, the Layer 2 blockchain on which the LAPTOP memecoin launched, but its stock is not directly discussed.
The LAPTOP memecoin, launched on the Coinbase-developed Base blockchain, plummeted over 99% within its first week of trading. On-chain data suggests the collapse was driven by insider distribution rather than retail selling, mirroring the volatile performance of the TRUMP memecoin which remains down 97.4% from its all-time high.
On-chain data indicates that the price collapse was primarily driven by insider distribution rather than standard market selling pressure.
While both tokens experienced extreme volatility, LAPTOP crashed 99% in its first week, whereas the TRUMP token saw an initial 2,290% gain before declining 97.4% from its all-time high.