Hunter Biden, the son of former U.S. president Joe Biden, is launching a memecoin called “LAPTOP” on Base on Sept. 9, according to a report by the Wall Street Journal.
The supply of the token is 1 billion, with founders including Biden being allocated 30%. The tokens will be unsellable for six months and vest for over two years, 20% will be airdropped in two rounds: to wallets underwater on the $TRUMP memecoin, to Biden’s Substack subscribers and to a mailing list run by his friend Andrew Callaghan, a video journalist.
The remaining 30% will be burned based on specific criteria, such as if the Democrats win the election in 2028, a new bitcoin BTC$78,867.04 all-time high or if LAPTOP’s market cap overtakes $TRUMP.
Biden teased the ticker on X hours later alongside a montage of news anchors discussing his infamous laptop, the computer he abandoned at a Delaware repair shop in 2019 whose contents, including foreign business emails and texts, was leaked to the public in the lead up to the 2020 election.
$TRUMP peaked at a $15 billion market cap when it was released at the start of 2025, subsequently tumbling to $2, worth $600 million at the time of writing. Trump’s disclosures show $1.4 billion from the memecoin and crypto deals last year.
