Hunter Biden launches $LAPTOP memecoin, trolls Trump by promising that 20% will be reserved for traders who lost money on president’s token
The announcement drew swift criticism on Crypto Twitter, where users expressed fatigue with memecoin-linked “rug pulls.”
Former President Joe Biden's son, Hunter Biden, is set to launch a memecoin called $LAPTOP on September 9. The cryptocurrency, trading under the $LAPTOP ticker, will be available on the Base network, which is operated by Coinbase. With a total supply of one billion tokens, 30% of the supply will be held by the coin's founders, including Hunter Biden, who will lock it away for six months.
The remaining 70% will be distributed through free giveaways to traders who lost money on President Donald Trump's memecoin, $TRUMP, as well as subscribers to Hunter Biden's Substack newsletter and a mailing list managed by Andrew Callaghan, a friend of the younger Biden. The $LAPTOP token aims to capitalize on the long-standing controversy surrounding Hunter Biden's laptop, which contained information about his overseas business dealings and personal life during a time when he battled addiction.
The project is designed to turn the source of online mockery into a meme-based cryptocurrency, potentially marking another high-profile introduction of a memecoin by a prominent figure.
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