Hunter Biden’s LAPTOP memecoin launched Wednesday morning, and the first hours of trading followed the script a lot of people expected. However, the sheer size of the move still managed to surprise the crypto market. The token named after the laptop that defined years of political attacks on Biden initially spiked to a fully diluted valuation above $100 billion that looked absurd even by memecoin standards, then shed nearly all of that paper value before lunch. The memecoin launch itself was only announced a few days ago, but after months of podcast appearances and a stretch of crypto-friendly posts on...