Hunter Biden will launch a meme coin named LAPTOP (LAPTOP) on Sept. 9, with founders holding 30% of a 1 billion token supply.
Key Points:
- Hunter Biden plans to issue 1 billion LAPTOP tokens on the Base network on Sept. 9.
- Founders keep 30% of the supply, barred from selling for six months and vested across two years.
- Another 20% goes to recipients including traders who lost money on the TRUMP meme coin.
LAPTOP Token Launch Terms
The token draws its name from the laptop Biden left at a Delaware repair shop in 2019, whose contents fueled a bitter political fight weeks before the 2020 election. It will debut on Base, the Ethereum layer-2 network run by Coinbase, and founders cannot sell any of their allocation for the first six months. Their tokens vest over two years.
Another 20% of the supply will reach selected users through two separate distributions, starting with investors who lost money on President Donald Trump's Official Trump (TRUMP) token. Biden's Substack subscribers and an email list run by video journalist Andrew Callaghan also qualify, while the final 20% covers charity, liquidity, market maker allocations and administrative costs.
A burn mechanism sits at the center of the design. The project attaches up to 30% of supply to 30 predetermined events, among them a Democratic win in the 2028 presidential election and a fresh record high for Bitcoin (BTC).
Another trigger is LAPTOP overtaking TRUMP on fully diluted value, and tokens tied to outcomes that never arrive go to charity instead.
Also Read: OpenAI Calls GPT-6 Astra The Smartest Model, Testers Disagree
Why LAPTOP Targets Trump
The political message is not subtle.
Handing tokens to burned TRUMP buyers frames the launch as a rebuke, and it lands while the president's family keeps widening its own digital asset business. Biden has described decentralized digital assets as an inevitable future.
He has also weighed into public disputes involving Trump family crypto ventures, including the fight between World Liberty Financial and Justin Sun.
Analytics firm Nansen counted 1.48 million wallets that bought TRUMP after its debut, with about two thirds carrying $3.81 billion in combined losses through June. Early traders took roughly $4 billion in profit first.
TRUMP Token Price History
TRUMP went live on Jan. 17, 2025, days before the inauguration, and ran from a few dollars to more than $75 within 48 hours. Its market value touched roughly $14 billion. By early July 2026 the token traded near $1.67, more than 97% below that high, leaving a market value close to $398 million.
Read Next: Hugging Face $12.9B Acquisition Reveals Critical AI Chip Gap
