Hunter Biden launches memecoin LAPTOP on Coinbase Base

Hunter Biden, the son of former president Joe Biden, will release his own memecoin next week. The token is named LAPTOP and will be launched on the Base network of Coinbase on 9 September, according to The Wall Street Journal. The name refers to Hunter Biden’s laptop, which was the subject of political debate in the United States for years.

In short:

• Hunter Biden will launch the LAPTOP memecoin on 9 September on the Base network of Coinbase
• The total supply is 1 billion tokens, divided into several groups
• 20% of the tokens will go to investors who lost money on the Trump-linked TRUMP token

Token distribution

The total supply is 1 billion tokens. Of that, 30% goes to the founding team. Notably, 20% is reserved for investors who suffered losses on the TRUMP token, the memecoin linked to former and current president Donald Trump.

Another 20% is earmarked for charitable causes and operational costs. The remaining 30% can be burned based on pre-defined events. One of those moments is a Democratic victory in the 2028 presidential election.

Politically charged background

The choice of the name LAPTOP is deliberate. Hunter Biden’s laptop became politically charged in 2020 after its contents leaked and gave rise to a series of controversies and legal issues surrounding the Biden family.

With the launch, Hunter Biden is entering a market that has been flooded with politically inspired memecoins in recent years. Whether the LAPTOP token will become as volatile a hype as many of its predecessors remains to be seen in the coming days.