Hunter Biden, son of former US President Joe Biden, is preparing to enter the cryptocurrency market with his own memecoin project. Inspired by the “Hunter Biden’s laptop” controversy, the token, ticked “LAPTOP,” will be launched on September 9th on the Ethereum Layer-2 network Base, developed by Coinbase.
According to sources close to the matter, the project is a reference to Hunter Biden’s laptop, which was leaked to the public in 2020 and became a subject of prolonged debate in US politics. Leaked messages from the computer, concerning Biden’s business dealings abroad and personal life, remained at the center of political controversy for years.
Hunter Biden’s increased media visibility in recent weeks is also noteworthy. Appearing on podcasts, television programs, and various broadcasts, Biden has occasionally delivered positive messages regarding the cryptocurrency sector. Recently, in posts on X, Biden described decentralized digital currencies as the “inevitable future” and commented on the dispute between the Trump family’s World Liberty Financial project and Justin Sun.
Founders Will Retain 30% of the Offering
A total of 1 billion tokens are planned to be created for LAPTOP. The founders, including Hunter Biden, will own 30% of the total supply. It is stated that the tokens allocated to the founders cannot be sold for the first six months and the vesting process will be completed within two years.
Twenty percent of the total supply is planned to be distributed to select users in two separate distributions. This group includes investors who lost money on Donald Trump’s TRUMP memecoin, Hunter Biden’s Substack subscribers, and members of an email list created by video journalist Andrew Callaghan.
Trump’s TRUMP token, launched in January 2025, quickly reached a market capitalization of approximately $15 billion before experiencing a sharp decline. It is reported that the token has recently been trading around $2, with its market value dropping to approximately $600 million.
One of the notable features of the LAPTOP project will be its token burning mechanism tied to specific political and financial events. The founders state that if 30 predetermined events occur within a specified period, up to 30% of the total supply of tokens could be burned.
Scenarios that could trigger a token burn include the Democratic Party candidate winning the 2028 US presidential election, Bitcoin reaching a new all-time high, and LAPTOP’s fully diluted market capitalization surpassing TRUMP’s.
If the predicted outcomes do not occur, a proportional portion of the tokens planned to be burned will be donated to charity.
The remaining 20% of the offering will be used for charitable purposes, liquidity provision, exchange and market maker distributions, and the accounting, legal, administrative, and compliance expenses of the foundation behind the project.
The launch of LAPTOP demonstrates the continuation of the memecoin trend in US politics. Tokens linked to Donald Trump, Melania Trump, and former New York Mayor Eric Adams previously experienced rapid price increases after their initial launch, but subsequently lost significant value shortly afterward. Due to their lack of intrinsic value and extreme volatility, memecoins are considered among the highest-risk categories in the cryptocurrency market.
This token also carries many similar high risks, and users need to exercise caution.
