# How an Investor’s $200,000 Altcoin Position Shrank to Just $3,000

> An investor who poured approximately $200,000 into the Hunter Biden-themed LAPTOP token is now holding a position worth only $3,000. According to a September 9 post by Lookonchain, the investor…

**An investor who poured approximately $200,000 into the Hunter Biden-themed LAPTOP token is now holding a position worth only $3,000.**

According to a September 9 post by Lookonchain, the investor withdrew approximately **$250,000** from Binance in advance to buy the **LAPTOP token** as soon as it hit the market. The post described this purchase as a high-priced FOMO trade.

The investor spent nearly **$200,000** to acquire a total of **919 LAPTOP**. While the purchase price per token was approximately **$218**, the current value of the position has plummeted to **$3,000**. This has resulted in a loss of approximately **$197,000** compared to the initial investment amount.

### LAPTOP purchase executed in two transactions

Shared transaction records show that 399.6714 LAPTOP were purchased for approximately **100,000 USDC**, and another 519.7464 LAPTOP were bought for roughly 100,000 USDC. The two transactions combined amount to approximately 919 LAPTOP.