Hunter Biden, son of former President Joe Biden, will launch a meme coin called LAPTOP on Coinbase’s Base network on September 9, naming it after the laptop tied to a 2020 election controversy and reserving a fifth of the supply for wallets that lost money on Donald Trump’s TRUMP coin.

The Wall Street Journal first reported the plan on Monday morning. Biden confirmed it on his verified X account about four minutes later, posting the $LAPTOP ticker and the September 9 date next to a 31-second Fox News clip about the laptop.

250,900 Views Within an Hour

According to the Journal, the token carries a 1 billion supply. The founding team, which includes Biden, takes 30%, locked for six months and then released over about two years. Another 20% is split across two airdrop rounds covering wallets underwater on TRUMP, Biden’s Substack subscribers, and a mailing list run by video journalist Andrew Callaghan.

A further 20% is set aside for liquidity, exchanges and legal costs, and up to 30% is earmarked for burns tied to milestones such as a new Bitcoin (BTC) record high, LAPTOP’s market cap overtaking TRUMP’s, or a Democratic win in the 2028 election.

The official contract does not go live until Wednesday, but that does not stop trading. Within about an hour of the Journal’s report, more than a dozen counterfeit LAPTOP tokens appeared on chains including Solana, BNB Chain, and TON, changing hands for roughly $6.9 million combined. None carried an official contract address because none had been published.

Coinbase’s Base network drew more than 500 scam tokens in its first weeks after its 2023 launch, according to Solidus Labs. Blockchain investigator ZachXBT has separately traced hijacked celebrity and brand accounts that promoted fake tokens and moved $3.5 million to anonymous wallets.

TRUMP launched on Solana on January 18, 2025, crashed more than 50% within hours when Melania Trump released her own token, and traded near $2.28 on Monday against a January 2025 peak of $73.43, according to CoinGecko.

The Laptop Behind the Token

The laptop is real. Biden left it at a repair shop in Wilmington, Delaware, in 2019, and the New York Post published its contents in October 2020, weeks before the presidential election. An FBI agent later testified at his 2024 federal trial that the device’s serial number matched Apple’s records.

Biden has disputed that account, saying the files were taken from his cloud storage. The token is set to go live on Base on September 9.

Hunter Biden’s LAPTOP meme coin has already spawned counterfeit tokens ahead of its September 9 launch on Base. The project will reserve 20% of its supply for airdrops, including wallets that lost money on TRUMP.

Source: CryptoPotato