$LAPTOP is down more than 100x from the top The market has seen plenty of cases like this, but I still don’t understand why so many people keep falling for them every single time $LAPTOP is a pretty good example because almost everything was set up to trigger FOMO In the post introducing the token, Hunter Biden spent a good chunk of it FUD Trump and $TRUMP, saying nearly 1M wallets collectively lost around $3.8B and calling it a “grift” Then right after that, he gave people all the reasons why $LAPTOP was supposed to be different Community, airdrops, burns, charity, even an allocation for people who lost money on $TRUMP Basically, the “this time is different” narrative was there from day one And it hit another psychological trigger that was probably even stronger A lot of people missed $TRUMP So when they saw another memecoin directly tied to a major political name, the thought was simple : “I already missed $TRUMP. I’m not missing this one too” Instead of looking at the risk/reward at the current valuation, they bought because they couldn’t stand the thought of watching another one run without having a bag That’s the trap Someone famous who doesn’t know you, has never met you, and probably doesn’t even know you exist only needs a few tweets about community and a good enough story for people to start throwing money at it Real news, an official token, and a narrative intentionally pushed by the dev do not automatically mean a good entry And in the end, $LAPTOP went down more than 100x from ATH I’ve seen this play out way too many times, and sometimes it really does feel like an IQ test from the market The market always finds a way to turn your regret from missing the last trade into liquidity for the next one