Hunter Biden is set to launch a meme coin called LAPTOP on the Base network, according to reports. The token will allocate up to 20% of its supply to those who lost money on the TRUMP meme coin.
Launch Details and Token Distribution
The LAPTOP token is scheduled to launch on September 9 on Base, an Ethereum layer-2 network affiliated with Coinbase. Hunter Biden and the token's founders will collectively hold 30% of the 1 billion token supply.
The development team will lock their tokens for six months before gradually unlocking them over a two-year period. The allocation to TRUMP coin investors positions LAPTOP as commentary on the earlier meme coin project.
Potential Token Burn and Charitable Donations
The LAPTOP team may burn up to 30% of the token supply based on predetermined outcomes. These conditions include whether a Democrat wins the 2028 presidential election, Bitcoin reaches a new all-time high, or LAPTOP surpasses TRUMP's market capitalization. If these conditions are not met, the team indicated it would donate some tokens to charity.
Public Confirmation
Hunter Biden confirmed the project on social media with a post stating "$LAPTOP. September 9," aligning with earlier reports about the launch.
Community Response
The announcement has drawn reactions from crypto observers. Bloomberg analyst Eric Balchunas questioned the mechanics of the approach, commenting on the broader dynamics of meme coin competition.
