Coinpedia reports that Hunter Biden plans to launch a cryptocurrency named LAPTOP on September 9th, which will be deployed on the Layer 2 network Base of Coinbase. This project transforms the political controversy surrounding his laptop incident in 2020 into the name of a token and a symbol for dissemination, targeting TRUMP token holders.
The total token supply is 1 billion tokens.
The report mentions that the initial issuance of LAPTOP is 1 billion tokens, of which 30% will be allocated to Hunter Biden and the co-founders. This portion of the tokens has a 6-month unlocking period, with a full ownership cycle of 2 years.
The project also stated that it will conduct a airdrop to the investors of the TRUMP tokens. The original text did not disclose more specific airdrop conditions, snapshot times, or methods for claiming the tokens.
Destruction conditions are bound to election results.
According to the token design disclosed in the report, if the Democratic Party wins the presidential election in 2028 and the price of Bitcoin rises to $126,080, the project will trigger the destruction of 30% of the tokens. This setting takes into account both political outcomes and crypto market prices as conditions.
The original text describes this design as a brand extension with political satire, and claims that it echoes the content related to Hunter Biden's personal blog “Where ’s Hunter ?”.
Forked tokens have begun to appear.
After the news spread, several cross-chain counterfeit versions of the Meme coin appeared on the market. Reports cited CoinMarketCap data indicating that the cumulative trading volume of these counterfeit tokens has exceeded 6.9 million US dollars.
At the same time, many crypto users on platform X refer to this project as a potential "rug pull" risky project. Some also question the incentive design associated with political stance, discussing whether such arrangements may involve issues such as voter manipulation.
Additional information:The report also mentioned that the TRUMP token has fallen by more than 97% since its peak in January 2025. Against this backdrop, the launch of LAPTOP is seen by some as a repurposing of the existing political Meme token narrative.
