Overview
- Hunter Biden confirmed Monday that he will release a meme token called LAPTOP on Coinbase’s Base network with trading set to begin on Sept. 9.
- The project reportedly plans a total supply of 1 billion tokens with 30% allocated to founders that are locked for six months and vest over two years.
- Twenty percent of the supply is to be distributed in two airdrops targeting wallets that lost money on the TRUMP token as well as Hunter Biden’s Substack subscribers and a mailing list curated by Andrew Callaghan.
- No official contract address or verified allocation wallets have been published and at least 14 copycat LAPTOP tokens appeared across other networks, trading millions and creating risks for buyers and bots at launch.
- The launch revives scrutiny of political meme coins after large retail losses on TRUMP and concentrated founder holdings, a dynamic that has drawn calls for closer SEC and congressional review and could affect how exchanges and regulators respond.