Hunter Biden, son of former U.S. President Joe Biden, is preparing to launch a meme coin called LAPTOP on the Base network on September 9. The project draws its name from the laptop that became a major point of political debate during the 2020 presidential election after it was left at a Delaware repair shop in 2019 and its contents later became public.

The token will have a total supply of 1 billion. Founders, including Biden, are allocated 30% of the supply. Those tokens will remain locked for six months and then unlock gradually over a two-year period.

Airdrop Structure Targets TRUMP Losers and Select Groups

Another 20% of the supply is designated for two rounds of airdrops. Eligibility includes wallets that recorded losses on President Donald Trump’s TRUMP meme coin, subscribers to Hunter Biden’s Substack, friends of the project, and members of a mailing list maintained by video journalist Andrew Callaghan.

TRUMP launched in January 2025 shortly before Trump’s return to the White House. It reached a peak market capitalization near $15 billion before declining sharply. At recent levels the token traded near $2 with a market value around $600 million. Data cited in reports showed nearly 989,000 wallets holding TRUMP had combined realized and unrealized losses of approximately $3.81 billion through late June, with losses remaining substantial even after a temporary rally in August.

The remaining 20% of LAPTOP is allocated for charitable donations, liquidity provision, distributions to exchanges and market makers, and costs related to accounting, legal, administrative, and compliance work for the foundation behind the token.

Burn Mechanism Linked to Specific Outcomes

Up to 30% of the total supply may be permanently burned if a set of 30 predetermined events occur within assigned time frames. Triggers include a Democratic victory in the 2028 U.S. presidential election, Bitcoin reaching a new all-time high, and LAPTOP’s fully diluted valuation exceeding that of TRUMP. Tokens tied to conditions that are not met would instead be donated proportionally to charities.

Biden posted the message on X on September 7 alongside a montage of news coverage related to the laptop. In recent months he has increased public commentary on cryptocurrency matters, including criticism of Trump family-linked projects such as World Liberty Financial.

Political meme coins have shown sharp volatility in the past. TRUMP and a related Melania Trump token both rose quickly after launch before falling more than 90% from their peaks by early 2026, according to earlier reports. The LAPTOP project places part of its distribution and supply reduction mechanisms in direct relation to the performance and holders of TRUMP.

The token is scheduled to begin trading on Base, the Ethereum layer-2 network developed by Coinbase, on September 9.