Hunter Biden to launch $LAPTOP memecoin, plans distribution to Trump token holders
Announcement of a new meme token
Hunter Biden posted on X that he will launch a meme‑style cryptocurrency called $LAPTOP. The post said the token will go live on Wednesday.
Key facts
- $LAPTOP will have a total supply of one billion tokens.
- 20 % of the supply will be sent to substack subscribers, mailing‑list members and investors in the Trump meme token (TRUMP).
- The TRUMP token has fallen about 97 % since its peak in January 2025.
- Founders of $LAPTOP hold 30 % of the supply and may burn up to 30 % depending on future events.
- The U.S. Senate will vote on the CLARITY Act on September 15.
Distribution plan
The Wall Street Journal reported that 20 % of the one‑billion $LAPTOP tokens will be allocated to three groups: people who subscribe to Hunter Biden’s Substack, members of a mailing list, and those who have bought the Trump meme token (ticker TRUMP).
Trump token background
The Trump meme token, known as Official Trump (TRUMP), reached its highest price in January 2025 and has since lost roughly 97 % of its value, according to the article.
Token burn conditions
The founders, who own 30 % of $LAPTOP, said they could destroy (burn) up to 30 % of the tokens if certain conditions occur: a Democrat wins the 2028 U.S. presidential election, Bitcoin reaches a new all‑time high, or the fully diluted value of $LAPTOP exceeds that of TRUMP.
Regulatory backdrop
Congress is considering the Digital Asset Market Clarity Act, a bill that would set rules for digital assets. The Senate is scheduled to hold a cloture vote on the bill on September 15.
Confirmed details
- Hunter Biden announced the $LAPTOP token on X.
- The launch is planned for Wednesday.
- The token supply is one billion.
- 20 % will be distributed to specific subscriber and investor groups.
- The CLARITY Act vote date is September 15.
Unclear aspects
- The exact time of the Wednesday launch has not been disclosed.
- Final decisions on the token‑burn percentages and triggers are not yet confirmed.
- No official comment from the White House has been received.
Why it matters
The move shows a high‑profile political figure entering the cryptocurrency space, which could draw public attention to meme tokens and to ongoing legislative efforts to regulate digital assets.
Next steps
The $LAPTOP token is expected to become available on Wednesday. The Senate will vote on the CLARITY Act on September 15, which could affect how tokens like $LAPTOP are regulated.
