Hunter Biden is preparing to launch the $LAPTOP memecoin on Coinbase’s Base network on September 9, 2026. The project carries a fixed supply of 1 billion tokens and includes an airdrop targeting wallets that lost money on President Donald Trump’s $TRUMP token, along with other community groups.

The name references the laptop Biden left at a Delaware repair shop in 2019. Contents from the device later became public and fueled political debate during and after the 2020 U.S. presidential election.

Token Supply and Distribution Details

According to project details, founders including Biden will hold 30 percent of the supply. Those tokens face a six-month lockup after launch before linear vesting over two years. The earliest founder tokens can enter circulation is March 2027, with full unlock expected by September 2028.

Twenty percent of the supply is reserved for airdrops. One portion targets wallets that purchased $TRUMP and are holding losses. Blockchain data showed roughly 988,905 of about 1.48 million wallets that bought $TRUMP since its January 2025 launch were sitting on combined losses of $3.81 billion. Additional airdrop recipients include Biden’s Substack subscribers and a mailing list associated with journalist Andrew Callaghan’s Channel 5 program.

Callaghan later stated that he and Channel 5 have no involvement with the project and do not view crypto as a legitimate investment. Subscriber information was reportedly removed before any related outreach.

Another 30 percent of tokens is linked to 30 predetermined events spanning politics, crypto, and culture. If an event occurs, the corresponding tokens are burned and permanently removed from supply. If the condition is not met by the deadline, those tokens go to charity. The founding team does not reclaim them in either case. Disclosed conditions include a Democratic victory in the 2028 presidential election, Bitcoin reaching a new all-time high, and $LAPTOP’s market capitalization surpassing that of $TRUMP.

The remaining 20 percent covers liquidity provision, potential exchange listings, market-making, legal and administrative costs, and additional charitable purposes. About 35 percent of the total supply is expected to unlock at the token generation event, with the balance vesting over 36 months.

Context of the $TRUMP Token and Political Angle

$TRUMP launched in January 2025 and reached a peak near $73 to $74 before declining sharply. By early September 2026 it traded around $2.25 to $2.28, representing a drop of roughly 97 percent from its high. Public estimates placed combined investor losses across Trump-linked crypto ventures at about $4.7 billion, including $3.81 billion tied to $TRUMP holders.

Biden has described $TRUMP as a grift and framed $LAPTOP as a response that returns value to those who lost money while also supporting charity. He has said the project aims to reclaim the laptop narrative that had been used against him for years.

In a separate statement Biden wrote that he understands cynicism around the launch and asked why something so often misused by others should not be taken back. He also noted his long-standing interest in blockchain technology.

Platform Choice, Pre-Launch Activity, and Reactions

The decision to deploy on Base rather than Solana marks a departure from earlier political memecoins such as $TRUMP and $MELANIA, which launched on Solana. Base, Coinbase’s Ethereum layer-2 network, has grown into one of the largest layer-2 platforms by several metrics.

Base founder Jesse Pollak stated that the network was approached about the project but made a conscious decision not to assist with design or promotion. Crypto exchange Kraken deleted a promotional social media post about $LAPTOP after criticism from traders. The exchange did not publicly confirm or deny any listing plans.

Copycat tokens using similar tickers appeared on multiple chains shortly after the announcement, none of them connected to the official project. Pre-launch trading of related tokens occurred on decentralized platforms, with interest remaining limited relative to the political attention generated.

Biden has warned that his involvement should not be viewed as a guarantee of price appreciation. The project has presented the token primarily as a statement rather than a traditional investment vehicle.

Launch is scheduled for September 9 on Base. Specific airdrop claim processes, exact definitions of qualifying $TRUMP losses, and confirmed exchange listings have not been fully detailed in advance of the debut.