Hunter Biden Launches ‘LAPTOP’ Meme Coin, Airdropping Tokens to Victims of Rival Coin
Hunter Biden, son of former President Joe Biden, is set to launch a meme coin named LAPTOP on Coinbase’s Base network on September 9. The cryptocurrency is named after the controversial laptop linked to a 2020 election scandal. Notably, a fifth of the token supply will be reserved for individuals who lost money on Donald Trump’s TRUMP coin.
The Wall Street Journal first reported on the initiative Monday morning. Biden confirmed the news approximately four minutes later via his verified X account, posting the $LAPTOP ticker and the September 9 launch date alongside a 31-second Fox News segment discussing the laptop.
According to The Journal, the token will have a total supply of 1 billion. The founding team, which includes Biden, will hold 30% of the supply, locked for six months before being released over roughly two years. An additional 20% is designated for airdrop rounds, targeting wallets that are currently at a loss on the TRUMP coin, subscribers to Biden’s Substack, and a mailing list managed by video journalist Andrew Callaghan.
A further 20% is allocated for liquidity, exchange listings, and legal expenses. Up to 30% of the supply is earmarked for token burns, which will be triggered by specific milestones. These include a new record high for Bitcoin (BTC), LAPTOP’s market capitalization surpassing that of TRUMP, or a Democratic victory in the 2028 presidential election.
While the official contract is not scheduled to go live until Wednesday, trading activity has already commenced. Within an hour of The Journal’s report, over a dozen counterfeit LAPTOP tokens emerged on various blockchains, including Solana, BNB Chain, and TON. These unofficial tokens have reportedly changed hands for a combined total of approximately $6.9 million. None of these tokens possess an official contract address, as none had been published at the time.
Coinbase’s Base network experienced a surge of more than 500 scam tokens in its initial weeks following its 2023 launch, according to data from Solidus Labs. Separately, blockchain investigator ZachXBT has identified instances where hijacked celebrity and brand accounts were used to promote fraudulent tokens, with approximately $3.5 million being transferred to anonymous wallets.
The TRUMP coin, launched on Solana on January 18, 2025, experienced a sharp decline of over 50% within hours of its debut when Melania Trump released her own token. As of Monday, the TRUMP coin was trading near $2.28, a significant drop from its peak of $73.43 in January 2025, according to CoinGecko data.
The authenticity of the laptop has been a subject of debate. Biden reportedly left the device at a repair shop in Wilmington, Delaware, in 2019. The New York Post published details from its contents in October 2020, just weeks before the presidential election. During his federal trial in 2024, an FBI agent testified that the serial number of the device matched Apple’s records. Biden has contested this account, suggesting the files were accessed from his cloud storage. The official LAPTOP token is slated to launch on Base on September 9.
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