Hunter Biden Launches His Own Meme Token with a Humorous Name

Hunter Biden is entering the crypto world, monetizing his own scandal. The son of former President Joe Biden plans to launch a meme coin called LAPTOP on September 9, based on yesterday’s announcement on X.

According to the Wall Street Journal, Hunter Biden’s meme token will trade on Base, a faster and cheaper blockchain built on Ethereum, created by Coinbase in 2023.

The name is not subtle. LAPTOP refers to a laptop that a repair shop in Delaware returned in 2019, the contents of which were published by the New York Post weeks before the 2020 election, sparking a controversy that has occupied American politics for years. The Journal reports that Biden is personally part of the founding team, rather than having lent his name to someone else’s project.

LAPTOP will create a total of one billion tokens. The founders, including Biden, retain 30 percent of that supply, although it remains locked for six months and then gradually unlocks over two years; the vesting schedule or delayed issuance mechanism is designed to prevent insiders from dumping tokens at launch.

Of the total supply, 20 percent of the LAPTOP offering will cover charitable donations, liquidity, and payments to exchange partners and market makers, plus accounting and legal costs.

The team behind the token also plans to spend 30 percent of the supply based on meeting certain criteria, including reaching a new record in Bitcoin’s history or a Democratic victory in the 2028 elections.

An additional 20 percent of the tokens will be reserved for two rounds of airdrops, free distributions of tokens to certain wallets, and this is where the project gains its edge.

Giveaway Targeted Directly at Trump Buyers

Subscribers to Biden’s Substack and members of Andrew Callaghan’s mailing list on Channel 5 are eligible for the airdrop. The second tranche is reserved for traders who lost money on TRUMP, the president’s meme coin. This is not a small fund, considering that the coin has been in a constant bear trend since its launch.

Entities associated with Trump’s organization control 80 percent of the TRUMP supply according to their own multi-year vesting schedule. Thus, both the president’s meme coin and Biden’s response to it concentrate most of their tokens in the pockets of the founders.