Hunter Biden, son of former U.S. President Joe Biden, has entered the cryptocurrency market with the launch of a memecoin called $LAPTOP, reigniting the laptop controversy that dominated political discourse ahead of the 2020 presidential election.
Hunter Biden Addresses $LAPTOP Memecoin Purpose
In a post on X, Hunter Biden explained the motivation behind the token for the first time. He framed the project as a reclamation of a symbol used against him politically.
“They turned the laptop into a weapon. I turned it into a token.”
“You shouldn’t expect me or anyone else to make this token more valuable to you. $LAPTOP isn’t just about owning something, it’s about saying something.”
Biden emphasized that $LAPTOP should not be viewed solely as a financial investment, but as a vehicle for a political and cultural message.
Criticism of Trump Family Memecoins
Biden drew a sharp contrast between his project and the cryptocurrency ventures associated with President Donald Trump and his family. He accused Trump of exploiting memecoins for personal gain and eroding public trust.
“Trump destroyed trust in everything he touched. But my token won’t be like that.”
“With Trump, nearly a million wallets lost approximately $3.8 billion.”
“With my token, 20% of the coins will be airdropped to the community, and I’m even including people who lost money on $TRUMP.”
$LAPTOKEN Launches on Base Network
The token is scheduled to launch on September 9, 2026, on Base, the Ethereum Layer 2 network developed by Coinbase. The total supply is fixed at 1 billion tokens. Contract details and the distribution model have been published on the project’s official website.
Token Allocation Breakdown:
- 20% – Community airdrops
- 30% – Founders
- 30% – Prediction mechanism based on real-world events
- 10% – Liquidity
- 5% – Foundation treasury
- 5% – Direct charitable causes
Airdrop Mechanics Target Trump Token Holders
A notable feature of the distribution is the community airdrop structure. Of the 20% allocated to airdrops:
- 2% is reserved for investors who lost money on the $TRUMP memecoin
- 8% is designated for subscribers to Hunter Biden’s “Where’s Hunter?” Substack newsletter
- The remaining 10% will be distributed at a later date
This article does not constitute investment advice.
