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- $LAPTOP Launches. Then Crashes.
$LAPTOP Launches. Then Crashes.
PLUS: Circle Buys Tazapay for $400M
Welcome back to The Warmup.
Hunter Biden launched $LAPTOP today. The token did what laptops do when you drop them. It hit the floor.
Here’s what we’re watching:
Market Snapshot
$LAPTOP Launches. Then Crashes.
SOL Weekly EMA200 Play
Circle Buys Tazapay for $400M
Market: Crypto bounced while stocks slipped. BTC reclaimed $79,000, ETH led the majors and gold caught a bid as the Dow dropped 0.75%.
$LAPTOP Launches. Then Crashes.
What’s going on:
Hunter Biden’s $LAPTOP token went live today on Base with a 1 billion supply and immediately repriced in public.
Thin DEX liquidity printed a phantom open near $200 to $300, then the price fell about 98% toward the low single dollars within the first hour.
Volume ran in the millions while two fresh wallets claimed free allocations and sold roughly $600,000. One whale bought near the open and booked about $1 million on the way down.
Founders including Biden hold 30%, locked six months and vesting over two years.
Another 20% is an airdrop, including his Substack subscribers and wallets that lost money on $TRUMP.
A further 30% sits in a burn-or-charity bucket tied to 30 public events.
What it means:
The market keeps using the same trap and people still walk into it every time.
Hunter Biden FUD'd $TRUMP, said nearly 1M wallets lost around $3.8B, then sold $LAPTOP as the opposite: community, airdrops, burns, charity, even a bag for people who already got wrecked.
A lot of buyers were not looking at the valuation. They were thinking they missed $TRUMP and they were not going to miss this one too.
$LAPTOP is down more than 100x from the top. Famous tweets and a good story are not an entry.
SOL Weekly EMA200 Play
What’s going on:
SOL is at $103. The 1W EMA200 is at $109. This week tagged $107 and failed. No weekly close above the line yet.
Price has been below that EMA for most of 2026. Structure is still bearish.
Key levels we’re watching:
Support: $100–$102
Resistance: $109 (1W EMA200)
Breakout target: $134+ after multiple weekly closes above $109
Invalidation: weekly close back below the EMA200, or a loss of $95–$100
Directional Bias: Neutral
What we’re waiting for:
Multiple weekly closes above $109
Spot only after that confirmation
Cut if a weekly candle closes back below the EMA200
Wait for the weekly trend to flip. Until then, stay out.
Circle Buys Tazapay for $400M
What’s going on:
Circle agreed to acquire Singapore payments firm Tazapay for $400M in stock, its first large deal since the 2025 IPO.
Tazapay runs more than $25B in annualized volume across 100-plus markets and 60-plus banking partners. About 60% of that flow already settles in stablecoins. C
lose is slated for 2027 and needs Monetary Authority of Singapore approval.
Circle is buying last-mile fiat rails so USDC can leave the chain and land in a local bank account.
What it means:
Issuers that only mint dollars lose to issuers that can pay salaries in Jakarta and invoices in São Paulo.
The honest risk is execution. A 2027 close, equity as currency, and a licensing map that still has holes.
If the rails work, USDC stops being a trading chip and starts being settlement.
 | HYPE: |
 | TRX: |
 | SOL: |
Does a political memecoin belong in a serious portfolio? |
On one side, a political memecoin printed a fake nine-figure open and then died in an hour.
On the other, Circle spent $400M of stock to buy actual payout rails, Visa’s stablecoin settlement run rate crossed $20B, and Block joined the OCC charter line for bitcoin and stablecoin custody.
Bitcoin is still wrestling the $80,000 handle while crude sits near $100 and Fed hike odds stay elevated.
That is the tax on risk assets this week.
— The Warmup Team
Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.