Hunter Biden is launching a meme coin called LAPTOP on Sept. 9 on Base, Coinbase's Ethereum layer-2 network, according to a Wall Street Journal report. Founders keep 30% of the supply, vested over two years, while 20% funds a two-round airdrop specifically targeting wallets that lost money on President Trump's TRUMP token. A burn mechanism tied to 30 preset events—including Bitcoin hitting a new all-time high or a Democrat winning the 2028 election—could destroy up to 30% of the supply, with tokens tied to unmet conditions donated to charity instead.
The son of former President Joe Biden plans to launch the meme coin based on a post today on X. The name references a laptop a Delaware repair shop handed over in 2019, whose contents the New York Post published weeks before the 2020 election. The Journal reports Biden is personally part of the founding team.
LAPTOP will mint 1 billion tokens total. Founders keep 30% of that supply, locked for six months and unlocking gradually over two years. Another 20% covers charity donations, liquidity, payments to exchange partners, and legal costs. The team also plans to burn 30% of the supply if certain criteria are met, such as Bitcoin hitting a new all-time high or a Democrat winning the 2028 election. An additional 20% is reserved for two rounds of airdrops. Eligibility includes subscribers to Biden's Substack, members of Andrew Callaghan's Channel 5 mailing list, and traders who lost money on TRUMP, President Donald Trump's meme coin.