Hunter Biden, son of former U.S. President Joe Biden, has announced the launch of the LAPTOP memecoin, named after his 2019 laptop. According to the Wall Street Journal, the project launches on September 9, 2026, on the Base blockchain — an Ethereum layer-2 network developed by Coinbase. The total token supply will amount to 1 billion LAPTOP. Hunter Biden is part of the project's founding team and is directly involved in managing the memecoin.
The token distribution structure reflects the developers' ambitious plans. Founders, including Hunter Biden himself, receive 30% of the total supply, with tokens locked for the first six months and then gradually unlocking over two years — a measure designed to prevent a sharp sell-off immediately after launch. Another 20% of the total supply is reserved for charitable donations, liquidity, exchange payments, and the project foundation's legal and accounting expenses. The most notable part of the strategy concerns the token airdrop: 20% of the entire LAPTOP supply is designated for two airdrop rounds specifically targeting Biden's Substack subscribers, Channel 5 newsletter participants, and — most notably — holders of the Official Trump (TRUMP) memecoin. This targeted distribution is reportedly aimed at investors who suffered losses on the TRUMP token, which has fallen approximately 97% from its all-time high in January 2025.
The project includes a token-burning mechanism tied to 30 preset events that can destroy up to 30% of the LAPTOP supply. Burn conditions include Bitcoin reaching a new all-time high, a Democrat winning the 2028 presidential election, or LAPTOP's fully diluted valuation surpassing that of TRUMP. The memecoin launch comes amid congressional debate over the Digital Asset Market Clarity Act (CLARITY Act) — a comprehensive digital asset regulation bill scheduled for a Senate vote on September 15.
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This material is prepared exclusively for informational purposes and does not constitute financial advice or a recommendation.