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The Block (@TheBlockCo): THE BLOCK: Hunter Biden's $LAPTOP team said sniper bots and thin initial liquidity drove the memecoin's launch volatility. The coin had a wild first h…

Estimated coin impact

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THE BLOCK: Hunter Biden's $LAPTOP team said sniper bots and thin initial liquidity drove the memecoin's launch volatility. The coin had a wild first hour of trading, briefly reaching a market cap of around $110 billion before crashing more than 99%. The project said it will add pool incentives and expects early prediction-market burns to cut supply. Biden separately said X suspended the official $LAPTOP account and that the team is working to restore it.

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