Hunter Biden debuts 'LAPTOP' memecoin targeting TRUMP holders
Hunter Biden has launched a 'LAPTOP' memecoin, allocating 30% of the supply to himself and planning airdrops for holders of the TRUMP token. The project includes long-term vesting schedules and burn mechanisms tied to political and market milestones.
Why it matters
Illustrates the intersection of political controversy, celebrity culture, and the speculative nature of the cryptocurrency memecoin market.
The supply of the token is 1 billion, with founders including Biden being allocated 30%. The tokens will be unsellable for six months and vest for over two years, 20% will be airdropped in two rounds: to wallets underwater on the TRUMP memecoin, to Biden’s Substack subscribers and to a mailing list run by his friend Andrew Callaghan, a video journalist.
The remaining 30% will be burned based on specific criteria, such as if the Democrats win the election in 2028, a new bitcoin BTC $ 78,858.76 all-time high or if LAPTOP’s market cap overtakes TRUMP.
Biden teased the ticker on X hours later alongside a montage of news anchors discussing his infamous laptop, the computer he abandoned at a Delaware repair shop in 2019 whose contents, including foreign business emails and texts, was leaked to the public in the lead up to the 2020 election.
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