TLDR
- Hunter Biden defended his LAPTOP memecoin ahead of its Sept. 9 launch on Base, calling it a way to reclaim the laptop controversy.
- LAPTOP will give 20% of its supply to community airdrops, including wallets that lost money holding TRUMP.
- Another 30% of supply is tied to 30 political, crypto and cultural predictions, with tokens burned or sent to charity depending on outcomes.
- Kraken deleted a promotional LAPTOP post after trader backlash, and Base founder Jesse Pollak said the network chose not to help design or promote the token.
- TRUMP has fallen about 98% from its peak, with nearly 989,000 wallets sitting on a combined $3.81 billion in unrealized losses.
Hunter Biden has spoken out in defense of his new memecoin, LAPTOP, just hours before its launch on the Base network. He posted on X early Wednesday explaining the reasoning behind the token and addressing early criticism.
Biden said the coin is meant to take ownership of the laptop controversy that has followed him for years. “I understand the cynicism,” he wrote. “Why something that has been so misused by grifters?”
How the LAPTOP token supply is split
LAPTOP will launch with a total supply of 1 billion tokens on Base, the Ethereum layer 2 network built by Coinbase. The supply is broken into several parts.
Community airdrops make up 20% of the total. Some of these tokens are set aside for wallets that lost money holding TRUMP, along with other groups tied to the project’s launch plans.
Biden’s Substack subscribers were named as early recipients. A mailing list linked to journalist Andrew Callaghan’s Channel 5 was also part of the original distribution plan.
Another 30% of the supply is connected to 30 political, crypto and cultural predictions. If a prediction comes true, those tokens get burned. If it doesn’t happen, the tokens go to charity instead.
Some of the listed predictions include a Democratic win in the 2028 presidential election, Bitcoin hitting a new all-time high, and LAPTOP passing TRUMP in market value.
Founders, including Biden, hold another 30% of the supply. Those tokens are locked for six months and then released gradually over more than two years.
The final 20% is set aside for liquidity, exchange listings, legal costs, administration and charity work.
Biden was clear that people should not expect the coin to gain value because of his involvement. “You should not expect me or anyone else to make this token more valuable for you,” he wrote.
TRUMP token losses shape the comparison
Biden’s post repeatedly compared LAPTOP to TRUMP, the memecoin tied to President Donald Trump. He called it a “grift” and pointed to its price collapse.
TRUMP launched in January 2025 and reached an all-time high of $73.43 shortly after. By Aug. 13, 2026, the token had dropped to a record low of $1.37, a decline of roughly 98%.
The coin briefly rallied in August, rising from $1.37 to $3.60 before falling again after team-linked wallets sent 2.62 million TRUMP worth about $6.21 million to the exchange OKX.
Nansen data from July showed 988,905 of the roughly 1.48 million wallets that bought TRUMP were holding combined unrealized losses of $3.81 billion.
Trump’s 2025 financial disclosure reported a $636 million payout from the TRUMP licensing deal, with total crypto-related income for the year topping $1 billion.
Public Citizen estimated investors across Trump-linked crypto projects were at least $4.7 billion underwater, including losses tied to TRUMP and World Liberty Financial.
Backlash from exchanges and partners
The LAPTOP launch faced pushback almost immediately. Kraken deleted a promotional post about the token after traders questioned why the exchange was promoting another political memecoin.
Callaghan distanced himself and Channel 5 from the project after its mailing list was named in the distribution plan. He said Channel 5 had nothing to do with the coin and does not view crypto as a legitimate investment.
Base founder Jesse Pollak said Biden’s team approached the network, but Base made a “conscious decision” not to help design or promote the token.
Biden closed his post by tying the coin directly to the scandal that inspired its name. “They turned laptop into a weapon,” he wrote. “I turned it into a token.”
The post Hunter Biden Launches LAPTOP Memecoin on Base Network appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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