Hunter Biden is preparing to enter the memecoin market with LAPTOP, a token scheduled to launch Wednesday that will distribute part of its supply to investors who lost money on President Donald Trump’s Official Trump (TRUMP) cryptocurrency, according to The Wall Street Journal.
Hunter Biden, whose father is former U.S. President Joe Biden, revealed the $LAPTOP ticker on X on Monday. The project will have a total supply of one billion tokens, with 20% allocated to eligible recipients, including TRUMP investors who lost money, people on a mailing list, and Biden’s Substack subscribers, the Journal reported.
The planned distribution connects the new token directly with one of Trump’s crypto ventures. TRUMP has lost roughly 97% of its value since hitting a record high in January 2025.
Token Burns Tied to Bitcoin, Politics and TRUMP Valuation
LAPTOP’s creators will retain a 30% share of the token supply and could later burn as much as three-tenths of all tokens in circulation if certain future milestones are reached, according to the report.
The triggers include a Bitcoin (BTC) setting a new record high, a Democratic candidate winning the 2028 U.S. presidential election, and LAPTOP achieving a fully diluted valuation greater than TRUMP’s.
Beyond its tokenomics, LAPTOP also draws directly on Biden’s political history. The token takes its name from Biden’s computer, which attracted intense public attention ahead of the 2020 presidential election as his father ran against Trump for the White House. The controversy surrounding the device has remained a recurring topic among conservative commentators. Biden has also filed two lawsuits alleging violations of his privacy rights stemming from the episode.
The project also comes as Biden has become more vocal about cryptocurrency and blockchain since his father left office in early 2025.
In August, Biden accused World Liberty Financial, the crypto venture backed by members of the Trump family, of corruption and described its activities as unprecedented in scope. He compared its conduct with that of the failed crypto exchange FTX and raised concerns about its connections with foreign governments, including the United Arab Emirates (UAE).
His broader position on the technology has been more favorable. In June, Biden said he considered decentralized digital currencies and blockchain to be an inevitable part of the future.
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