Is the Memecoin Craze Fading?…Trump, Dogecoin, Shiba Inu Plummet Over 90% from Peaks

Hunter Biden Memecoin Plummets 98% in One Hour…Is the ‘Memecoin Frenzy’ Ending?

▲ Dogecoin (DOGE), Official Trump (TRUMP), Pepe (PEPE)/AI Generated Image ©

Hunter Biden’s Laptop (LAPTOP), which saw 98% of its value evaporate within an hour of its launch, has once again exposed the extreme speculative risks in the memecoin market. With major memecoins like Official Trump (TRUMP), Dogecoin (DOGE), and Shiba Inu (SHIB) plummeting over 90% from their peaks, it is being pointed out that investor demand aiming for short-term jackpots is repeatedly leading to massive losses.

According to the investment media outlet The Motley Fool on September 20 (local time), the memecoin LAPTOP, supported by Hunter Biden, plummeted 98% in just one hour after its launch. This token claimed to be a superior memecoin to Official Trump and even proposed an airdrop of free LAPTOP tokens to compensate investors who suffered significant losses from TRUMP investments. However, the price quickly collapsed, causing huge losses for investors.

The outlet compared this incident to TRUMP, which emerged in January 2025. At that time, ahead of the launch of the Donald Trump administration, expectations for pro-crypto policies spread, attracting speculative demand to Trump-related assets. However, TRUMP lost most of its value in just one weekend. Its current price is $2.02, 97.4% lower than its all-time high.

The speculative frenzy surrounding memecoins also appeared in 2020-2021. Individual investors flocked to Dogecoin, which first gained significant public attention, as well as Shiba Inu, hoping for massive short-term profits. While some investors did make substantial money, Dogecoin is currently trading about 90% lower than its all-time high in 2021, and Shiba Inu is 94% lower. The outlet noted that a significant number of investors who bought near the peak are likely holding large unrealized losses.

LAPTOP's decline has been even more extreme. Its current price is approximately $0.10, a 99.97% drop compared to its peak of $401. The outlet assessed that such memecoins heavily rely on celebrity-driven hype and speculative sentiment rather than real value. In the case of LAPTOP, to make a profit, one practically had to buy and sell within an hour of its launch, and even a few minutes' delay in entry made it difficult to avoid massive losses.

The Motley Fool emphasized the structural risks of memecoin investments, citing the sharp declines of LAPTOP and TRUMP, and the long-term drops of Dogecoin and Shiba Inu from their peaks. The outlet pointed out that memecoins with strong viral effects attract investors through famous figures, but ultimately, profits are concentrated among investors who entered early and cashed out quickly. LAPTOP's 98% plunge was presented as an example of how quickly memecoin speculation, chasing short-term high returns, can turn into massive losses.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*