Crypto07 September, 20263 min read
Hunter Biden Launches LAPTOP Meme Coin on Base With September 9 Airdrop Details
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LAPTOP memecoin launches on Base with trading set for September 9. Total supply 1 billion tokens; founders hold 30% and are locked six months.
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$LAPTOP set for Sept. 9
Hunter Biden is set to launch the meme coin LAPTOP on Base on September 9, with the project confirmed via his X account and framed as a political satire tied to the TRUMP token. Criptotendencias says the airdrop is aimed at traders who lost money speculando with the token TRUMP, and it links the timing and distribution to Base, described as a layer 2 network developed by Coinbase. Yellow says the tokenomics call for a total supply of 1.000 millones de tokens, with founders retaining 30% of the supply and unable to sell during six months, followed by a two-year vesting period.
FinanceFeeds adds that Biden said 20% will be allocated to community airdrops, with half of that amount available at the token generation event through a claim portal operated by the Phoenix Veritas Foundation. The Block reports that “About 30% of the supply is tied to 30 public real-world events” that either burn or donate tokens depending on outcomes, as the launch approaches on Base Layer 2.
Airdrop targets TRUMP losses
Yellow says another 20% of the LAPTOP supply is distributed to recipients including traders who lost money with the meme coin TRUMP, while also making eligible Biden’s Substack subscribers and people on a mailing list managed by video journalist Andrew Callaghan. FinanceFeeds specifies that wallets that suffered losses holding Donald Trump‘s TRUMP memecoin are allocated 2% of the total LAPTOP supply, while subscribers to Biden’s “Where’s Hunter?” newsletter are assigned another 8%. Criptotendencias reports that the airdrop is directed at those traders who lost money speculando con el token TRUMP, describing it as a gesture “cargado de sátira política.”
USA Today quotes Biden warning buyers: “You should not expect me or anyone else to make this token more valuable for you,” and it adds that $LAPTOP isn’t just about owning something but “it’s about saying something.” FinanceFeeds also says Biden committed an additional 50 million tokens to charity regardless of outcomes, while the burn-or-charity mechanism is tied to 30 public real-world outcomes spanning politics, crypto and culture.
Burn rules and platform distancing
Yellow describes a mechanism of quema (“burn”) that links up to 30% of the supply to 30 predetermined events, including “una victoria demócrata en las presidenciales de 2028” and “un nuevo máximo histórico para Bitcoin (BTC).” FinanceFeeds adds that if a specified event occurs, the associated tokens will be burned, and if it does not occur, those tokens will be donated to charity, with “Biden said an additional 50 million tokens will go to charity regardless of the outcomes.” Cointribune says the project was shunned before its first trade, noting that Kraken deleted a promotional post about LAPTOP after traders criticized the exchange’s association with the project.
“Even if there's a lot of demand at launch, that doesn't make it a sustainable investment.”
Cointribune also reports that Base founder Jesse Pollak said the memecoin team had contacted the network before launch, but Base chose not to participate in either its design or its promotion, and it adds that Jordan Fish (Cobie) said a project can launch a token on the network without Coinbase’s approval. Business Insider frames the stakes for buyers by quoting analyst Nic Puckrin: “Even if there's a lot of demand at launch, that doesn't make it a sustainable investment,” while it notes that $LAPTOP is expected to start trading on September 9.