TLDR
- Hunter Biden is launching a memecoin called LAPTOP on September 9, built on Coinbase’s Base blockchain, with a total supply of 1 billion tokens.
- 20% of the supply will be airdropped to TRUMP token holders, Hunter Biden’s Substack subscribers, and members of a mailing list.
- The founding team receives 30% of the supply, locked for six months and gradually released over two years.
- Up to 30% of the token supply could be burned if specific events occur, including Bitcoin hitting a new all-time high or a Democrat winning the 2028 presidential election.
- Nearly 989,000 wallets holding TRUMP have recorded a combined $3.81 billion in losses since the token launched in January 2025.
Hunter Biden, son of former President Joe Biden, is launching a memecoin called LAPTOP on September 9. The token will launch on Base, the blockchain developed by Coinbase, with a total supply of one billion tokens.
The Wall Street Journal reported the launch on September 7. Biden announced the token on X, posting its ticker symbol, $LAPTOP, ahead of the Wednesday launch date.
September 9 pic.twitter.com/QokgWLNxgL
— Hunter Biden (@HunterBiden) September 7, 2026
The name references Biden’s laptop, which became a political controversy during the 2020 presidential election. The laptop’s contents were disputed in media coverage leading up to the vote between Biden’s father and Donald Trump.
Who Gets the Tokens
The founding team will hold 30% of the supply. Those tokens will be locked for six months before being gradually released over a two-year period.
JUST IN: Former U.S. President Joe Biden’s Son Hunter Biden to Launch LAPTOP Meme Coin
According to The Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, plans to launch a meme coin called LAPTOP on Coinbase’s Base network on September 9, with a… pic.twitter.com/c0aK4Je0rX
— Wu Blockchain (@WuBlockchain) September 7, 2026
Another 20% is set aside for two rounds of airdrops. People who lost money trading Trump’s TRUMP memecoin are eligible. Hunter Biden’s Substack subscribers, personal contacts, and followers of video journalist Andrew Callaghan are also included.
A further 20% has been allocated to charitable donations, liquidity, exchange partners, market makers, and administrative and legal costs.
The remaining portion of the supply is tied to a burn system. Up to 30% of all tokens could be permanently destroyed if any of 30 preset conditions are met within set timeframes.
Burn Triggers and Token Structure
Those conditions include a Democrat winning the 2028 U.S. presidential election, Bitcoin reaching a new all-time high, and LAPTOP’s fully diluted valuation surpassing that of TRUMP.
If a condition is not met in time, the tokens connected to it will be donated to charity rather than burned.
TRUMP launched in January 2025, just before Trump returned to the White House. It initially surged in price but has since lost around 97% of its value from its all-time high.
Blockchain data from Nansen shows that nearly 989,000 wallets that bought TRUMP recorded a combined $3.81 billion in realized and unrealized losses through June 2026. Trump-affiliated entities control 80% of the TRUMP supply under a vesting schedule running through January 2028.
In August, Public Citizen estimated that investors across five Trump-linked crypto products were at least $4.7 billion underwater. The watchdog found that the top 1% of profitable TRUMP wallets captured around $2.7 billion, roughly 80% of all gains.
Hunter Biden has been publicly critical of Trump’s crypto ventures. In August, he called World Liberty Financial “corruption at a scale we’ve never seen,” comparing it to the failed exchange FTX.
Democratic Senators Elizabeth Warren and Richard Blumenthal asked the Securities and Exchange Commission in August to investigate TRUMP, citing investor losses and Trump’s earnings from the project.
The LAPTOP launch comes as Congress prepares to vote on the Digital Asset Market Clarity Act. A cloture vote in the Senate is scheduled for September 15.
The SEC has previously stated that meme coins generally do not qualify as securities under existing law.
