LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before trading began.
- Hunter Biden's LAPTOP memecoin hit $190.81 within two minutes of opening on Base on Wednesday, then fell as low as $3.70 inside the first hour.
- The token was worth about $1.6 billion an hour after launch, against pooled liquidity of just $2.5 million.
- A project multisig moved 100 million tokens — a tenth of supply — in the week before trading opened, including 15.5 million to market maker GSR and 14.5 million to an unidentified address.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Crypto job postings triple to over 1,200 in September, but applications fall
BlackRock offers a glimpse of how tokenization may change your investment portfolio
Original sourceCoinDesk
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