According to ChainCatcher, citing The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, inspired by his laptop incident, set to launch on Coinbase’s Base network on September 9. The founding team, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), with this portion locked for six months and fully unlocked over two years. An additional 20% of tokens will be airdropped in two tranches to users who incurred losses on the Trump meme coin TRUMP, subscribers to Hunter Biden’s Substack, his personal contacts, and users on the email list maintained by video journalist Andrew Callaghan. The remaining 20% will be allocated for charitable donations, liquidity provision, distribution to exchange partners and market makers, and covering the token foundation’s accounting, legal, administrative, and compliance costs. The founding team has also established a burn mechanism comprising 30 predefined events. If specified outcomes are achieved within designated timeframes—such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new all-time high, or LAPTOP’s fully diluted valuation surpassing TRUMP—up to 30% of the token supply may be burned. If these conditions are not met, the corresponding tokens will be proportionally donated to charitable organizations. The report notes that Hunter Biden has recently been active on podcasts, news programs, and Substack articles, sharing his views on cryptocurrency and previously commenting on the controversy between the Trump family’s crypto project World Liberty Financial and Sun Zhenchen.
Hunter Biden to Launch Meme Coin LAPTOP on Coinbase's Base Network
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Summary
Meme coin news broke as Hunter Biden is set to launch a new meme coin, LAPTOP, on Coinbase’s Base network on September 9. The total supply of 1 billion tokens will see 30% held by the team, with a 6-month lockup and a 2-year full unlock. An additional 20% will be airdropped in two phases to TRUMP meme coin victims, Substack subscribers, and others. Another 20% is reserved for charity and operational use. On-chain details reveal a token-burning plan tied to 30 events, including a Democratic win in 2028 or a Bitcoin all-time high, potentially burning up to 30% of the supply.
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