Hunter Biden, son of former U.S. President Joe Biden, said he will launch a meme coin called $LAPTOP on Sept. 9 on Base, Coinbase’s blockchain network, according to a Wall Street Journal report cited by BlockBeats.
The project centers on the Hunter Biden laptop controversy that became a major political flashpoint in the U.S. in 2020. It turns that episode and the online culture around it into an onchain meme asset. By design, $LAPTOP is not presented as a new piece of blockchain infrastructure or a financial product. It is positioned instead as a community token built around political figures, public events, and meme culture.
Token allocation and launch structure
The team says the token launch is meant to carry the political symbolism, internet attention, and supporter community tied to Hunter Biden and the laptop story into the crypto market.
$LAPTOP will have a total supply of 1 billion tokens. The founding team, including Hunter Biden, will hold 30% of that amount. Those tokens will be locked for six months and vest over two years.
Another 20% will be distributed in two rounds to $TRUMP losers, Hunter Biden’s Substack subscribers, and users on an email list maintained by video journalist Andrew Callaghan.
Up to 30% of supply tied to preset events
The project also includes what it describes as an event-based burn mechanism. As much as 30% of the $LAPTOP supply will be linked to the outcomes of 30 preset events.
Examples cited in the report include a Democratic candidate winning the 2028 U.S. presidential election, Bitcoin setting a new all-time high, or $LAPTOP’s fully diluted valuation exceeding that of $TRUMP. If any of those preset conditions are met, the project says it will burn the corresponding tokens under its rules to reduce circulating supply.
If the relevant events do not occur, the matching portion of tokens will be donated to charity.
Remaining supply and project positioning
The remaining 20% of tokens will be used for charity, liquidity building, allocations for exchange partners and market makers, and the foundation’s accounting, legal, administrative, and compliance costs.
In terms of positioning, the report describes $LAPTOP as closer to an experimental mix of political meme culture, event-driven narrative, and tokenomics. Its core source of value, as described in the report, is not technical innovation or practical utility, but attention built around Hunter Biden himself, U.S. political themes, and community-driven distribution.
BlockBeats also warned that meme coins often lack intrinsic value and can see sharp price swings within hours or days of listing, leaving investors exposed to heavy losses or the near-total loss of principal.