Hunter Biden, son of former U.S. President Joe Biden, announced the issuance of a cryptocurrency meme coin named LAPTOP, based on the "notorious" laptop incident, on September 9. It will be issued on the Base blockchain network under Coinbase.

Reportedly, the total supply of LAPTOP tokens is 1 billion, with 30% held by the founding team, including Hunter Biden, locked for 6 months and then gradually unlocked over two years; 20% will be distributed through two rounds of airdrops to three groups: wallet addresses that previously held TRUMP meme coins and incurred losses, subscribers of Hunter Biden's Substack, and subscribers of video journalist Andrew Callaghan's mailing list; another 20% is allocated for operations and liquidity; the remaining up to 30% of tokens have a conditional destruction mechanism linked to 30 specific events, such as the Democratic Party winning the 2028 election, Bitcoin reaching a new historical high, or LAPTOP's market cap exceeding that of TRUMP.

The TRUMP meme coin, issued by Trump in January 2025, initially peaked at a market cap of about $15 billion but has since fallen approximately 97%, currently priced at about $2.26, with a market cap of around $617 million. Reports also mention that Trump previously disclosed earning about $1.4 billion from meme coins and cryptocurrency-related activities last year. For LAPTOP to meet the destruction trigger condition of "exceeding TRUMP's market cap," it would need to reach a valuation of about $2.26 billion.

Reports recall that Hunter Biden's laptop was left at a repair shop in Delaware in 2018, and its contents were leaked before the 2020 U.S. election, leading to ongoing scrutiny of his business dealings; federal prosecutors have used the device's contents as evidence, and an FBI agent confirmed the authenticity of the device's serial number in 2024, but Hunter Biden's legal team has disputed the integrity of the related data.

According to reports, Hunter Biden described this issuance as a commemorative response to his "notorious" laptop incident, which media interpreted as a public "reactive" marketing move against the poor performance of the TRUMP meme coin.

Source: Public Information