Trader 0xb02b just took one of the hardest hits among LAPTOP (the Hunter Biden memecoin) holders—his position plunged from about $249,000 to just $15,000, a brutal 94% loss. On-chain data for 0xb02b shows this is one of the steepest realized losses for any LAPTOP trader so far.

How the trade went down

He jumped in almost right after the token launched, buying at $217.5. When the price tanked, he tried to average down at $2, but the freefall didn’t stop. Eventually, he gave up and sold around $0.6, locking in a huge capital loss.

Why LAPTOP holders should care

This is a textbook example of how averaging down in a hyper-volatile memecoin can go south fast—the dip can keep dipping, turning paper losses into real ones. Right now, this is one of the most visible on-chain blowups for LAPTOP.