Key Highlights
- Hunter Biden plans to launch the LAPTOP meme coin on Base on September 9, 2026, with a total supply of 1 billion tokens.
- About 30% of the supply is reserved for the founding team, locked for six months and fully vested over two years.
- One 20% allocation will target wallets that recorded losses on the TRUMP token, alongside Biden’s newsletter subscribers and Andrew Callaghan’s mailing list.
Hunter Biden, son of former U.S. President Joe Biden, is preparing to launch a token named LAPTOP on the Base network on Sept. 9. The project includes an allocation for investors who lost money on the Trump-linked TRUMP memecoin and sets burn conditions tied to outperforming that token’s valuation.
Token allocation and distribution
According to a report by The Wall Street Journal, the LAPTOP token will have a total supply of 1 billion. Approximately 30 percent is assigned to the founding team. Those tokens are locked for six months and fully vest over two years.
Two 20 percent portions address airdrops and operational needs. One portion is directed to wallets of individuals who recorded losses on the TRUMP token, as well as subscribers to Biden’s Substack newsletter and a mailing list curated by video journalist Andrew Callaghan. The second 20 percent covers charity, liquidity for exchange partners and market makers, and the foundation’s legal and accounting expenses.
Up to 30% of the supply is tied to 30 predetermined real-world events. Named conditions include a Democratic victory in the 2028 presidential election, Bitcoin establishing a new record above its previous peak of $126,080, and LAPTOP reaching a fully diluted valuation higher than that of the TRUMP token. $TRUMP’s fully diluted valuation was about $2.26 billion. Bitcoin traded near $78,780.
Connection to TRUMP token losses
The airdrop directed at TRUMP losers forms a central feature of the distribution. The Wall Street Journal reported that the allocation reaches both those wallets and Biden’s own subscriber base.
This structure places LAPTOP in direct relation to the performance record of the TRUMP token. The TRUMP coin launched on the Solana blockchain in the days preceding Donald Trump’s January 2025 inauguration. Its market capitalization briefly approached $9 billion, and roughly 80 percent of the supply was controlled by Trump Organization affiliates at launch.
The price later declined sharply. By mid-2026 the token’s market value had fallen below $400 million. Nansen data reported that nearly one million participants recorded losses, with combined losses totaling about $3.8 billion through the end of June. Later buyers faced declines approaching 97 percent.
Senators urge SEC review of TRUMP
The LAPTOP allocation and burn parameters coincide with earlier formal requests for regulatory scrutiny of the TRUMP token. Sens. Elizabeth Warren and Richard Blumenthal sent a letter to the Securities and Exchange Commission on August 3, with Chair Paul Atkins urging the agency to examine the project for possible fraud or improper financial benefits.
In the letter the senators stated they were concerned the project “may constitute an illegal scam.” They asked the commission to review any unlawful deception or enrichment linked to the token. The senators raised the possibility that the episode resembled a “rug pull,” or a slower version of one, in which early participants and insiders extracted value while ordinary investors absorbed the decline.
The letter focused on the concentration of supply at launch, the subsequent price drop, and the scale of reported investor losses.
Also Read: Aave V4 Activates USDe Rewards in New Ethena Market
