CoinDesk
Hunter Biden is launching a memecoin called LAPTOP on Base on September 9, named after the laptop he left at a Delaware repair shop in 2019 whose contents became a flashpoint in the 2020 election cycle. The project was first reported by the Wall Street Journal.
The token has a total supply of one billion. Founders, including Biden, hold 30% locked for six months and vesting over two years. Another 20% is airdropped across two rounds: to wallets that lost money on the TRUMP memecoin, to Biden's Substack subscribers, and to a mailing list run by video journalist Andrew Callaghan. The remaining 30% is earmarked for burning if 30 specified events resolve in the project's favor, including a Democratic victory in the 2028 presidential election.
Why it matters
LAPTOP enters a memecoin landscape already shaped by political branding. TRUMP peaked at a $15 billion market cap at launch in early 2025 before tumbling to around $2 per token, giving it a market cap of roughly $600 million at the time of writing. Trump's own financial disclosures show $1.4 billion in earnings from the memecoin and related crypto deals last year. LAPTOP is explicitly targeting wallets burned by that trade, which is an unusual distribution mechanic that doubles as political messaging.
Market impact
The airdrop targeting TRUMP holders who lost money is a calculated play for an audience already primed for politically themed speculation. The burn mechanism tied to real-world political outcomes adds a layer of contingent supply reduction that could generate short-term speculative interest, though the token's long-term trajectory will depend heavily on whether the political novelty sustains attention beyond launch.
Frequently asked questions
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When and where does the LAPTOP memecoin launch?
LAPTOP launches on September 9 on the Base blockchain, according to a Wall Street Journal report.
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How is the LAPTOP token supply distributed among founders and the public?
Founders including Hunter Biden hold 30% locked for six months and vesting over two years. Another 20% is airdropped to TRUMP memecoin losers, Substack subscribers, and a mailing list. The remaining 30% is reserved for burning based on specified political outcomes.
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What triggers the burn mechanism in the LAPTOP memecoin?
Thirty percent of the supply is earmarked for burning if 30 specified events resolve in the project's favor, including a Democratic victory in the 2028 U.S. presidential election.
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Why is LAPTOP targeting wallets that held the TRUMP memecoin?
TRUMP peaked at a $15 billion market cap in early 2025 before collapsing to around $2 per token. By airdropping to wallets that lost money on TRUMP, LAPTOP is directly recruiting an audience already familiar with politically themed speculation.
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How much has the TRUMP memecoin earned for Donald Trump?
Trump's financial disclosures show $1.4 billion in earnings from the TRUMP memecoin and related crypto deals last year, though the token itself has fallen sharply from its $15 billion peak market cap.
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