BlockBeats news, on September 7, according to The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin themed around his "laptop" incident, with the token symbol "$LAPTOP," scheduled to launch on September 9 on Coinbase's Base network.
According to insiders, the total supply of $LAPTOP is 1 billion tokens, with the founding team, including Hunter Biden, holding 30%; the associated tokens will be locked for six months and vest over two years. An additional 20% will be distributed in two tranches to investors who previously purchased the Trump meme coin $TRUMP and incurred losses, as well as Hunter Biden’s Substack subscribers.
Additionally, the project team plans to burn up to 30% of the tokens based on the outcomes of 30 predefined events, including the Democratic Party winning the 2028 U.S. presidential election, Bitcoin reaching a new all-time high, and the fully diluted valuation of $LAPTOP exceeding that of $TRUMP. If any of these events fail to materialize, the corresponding percentage of tokens will be donated to charitable organizations.
Hunter Biden has recently spoken publicly about cryptocurrency multiple times, calling decentralized digital currencies an "inevitable future." His entry into the meme coin market comes as investor enthusiasm for the Trump family's crypto ventures has cooled.