Odaily reported that Biden's son Meme coin LAPTOP has a total supply of 1 billion tokens, with 350 million unlocked at the Token Generation Event (TGE), accounting for 35% of the total supply. Among these, first-day community airdrops, future airdrops, and liquidity each account for 10%, while the foundation treasury holds 5%.
Of the 100 million LAPTOP tokens airdropped on the first day, 20 million are planned to be distributed by partner platforms to users who incurred losses from TRADING TRUMP, while 80 million will be allocated to users who subscribed to Hunter Biden's "Where's Hunter" Substack before September 6. The claim period is 30 days, after which any unclaimed tokens will be permanently burned; the 100 million tokens for future airdrops will be distributed at the discretion of the Phoenix Veritas Foundation.
The liquidity portion totals 100 million tokens and will be used to provide tokens to trading platforms, market makers, and decentralized exchange liquidity pools. The foundation has signed market-making loan agreements with G20 and GSR, lending out a combined 20.5 million LAPTOP tokens, representing 2.05% of the total supply. These tokens are included in the liquidity allocation and do not constitute additional issuance.
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, has recently been frequently expressing public support for cryptocurrency. In June of this year, Hunter Biden stated, "Decentralized digital currencies and blockchain are the inevitable future"; the same week, when asked about his views on cryptocurrency, he replied directly, "Hyperliquid." Additionally, he mentioned that when deciding to sell his artwork, he wanted each piece to be placed on-chain and accept Bitcoin payments, adding that Andreas Antonopoulos' book "The Internet of Money" had "opened his eyes."
Hunter Biden has re-emerged in the public eye this year, setting up an X account and a Substack, while frequently appearing on podcasts and news programs. Recently, he also discussed the possibility of running in the 2028 U.S. presidential election, saying he "hasn't made a decision yet" when asked if he might run for president; he had previously told billionaire John Catsimatidis that if he had his support, he might "have no choice but to run."
Forbes also noted that Hunter Biden was convicted in 2024 on three felony gun charges and pleaded guilty to separate tax-related criminal charges later that year, before receiving a full pardon ahead of Joe Biden's departure from office. (Forbes)
Earlier reports indicated that Hunter Biden, son of the former U.S. president, would launch a Meme coin called LAPTOP, scheduled to go live on September 9 on Coinbase's Base network.
For more related LAPTOP content, you can read: "Biden's Son Launches Meme Coin LAPTOP, Also Plans Airdrop for TRUMP Holders"
Odaily reported that Hunter Biden, son of former U.S. President Joe Biden, issued a reminder through his upcoming Meme coin LAPTOP, warning the community to be wary of counterfeit tokens and malicious links. The LAPTOP team will never proactively contact users, nor will they ever ask for private keys, seed phrases, or personal information. Please only trust communications from official channels.
It is understood that after the official announcement of LAPTOP's upcoming launch, tokens with the same name "LAPTOP" emerged across various popular Meme coin blockchains, most of which have already spiked and subsequently pulled back.
Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
Odaily News As Hunter Biden is set to launch the Meme coin LAPTOP, Meme coins themed around former US President Biden have seen a broad rally. Among them, the SOL ecosystem Meme coin BODEN briefly surpassed a market cap of $1.7 million, up 47.837% in 24 hours; another Meme coin, HUNTBODEN, briefly exceeded $180,000 in market cap before pulling back, up 142% in 24 hours.
Odaily News: Hunter Biden, son of former U.S. President Joe Biden, currently follows only one account on X, named "Laptop" (@Laptoptoken), which is associated with the token LAPTOP. The token is scheduled to launch on the Base network on September 9, with its contract address and official website link already disclosed. Meanwhile, Hunter Biden also posted a tweet confirming that the related Meme coin will be released on September 9.
Odaily News: Possibly impacted by Biden's son launching a token, Robinhood ecosystem major Meme coins have broadly declined:
MEME market cap is temporarily reported at $86.1 million, down 21.72% in 1 hour;
PONS market cap is temporarily reported at $510 million, down 4.8% in 1 hour;
AI market cap is temporarily reported at $188 million, down 5.9% in 1 hour;
CASHCAT market cap is temporarily reported at $206 million, down 1.87% in 1 hour;
microduck market cap is temporarily reported at $17.46 million, down 8.62% in 1 hour.
Odaily News – Hunter Biden, son of former U.S. President Joe Biden, will launch the Meme coin LAPTOP, scheduled to go live on Base on September 9.
Currently, suspected token economics have leaked: LAPTOP has a total supply of 1 billion tokens, with 35% unlocked at TGE, and all tokens to be fully unlocked within 36 months. The project links 30% of the supply to real-world prediction events proposed by Hunter Biden – if the predictions come true, the corresponding tokens will be burned; if they do not, the relevant tokens will be donated to charity.
Odaily reminds users that Meme coins are highly volatile in price, and investors should participate with caution.
Odaily News: According to market sources, Hunter Biden, son of former US President Joe Biden, plans to launch the Meme coin LAPTOP. Currently, details regarding the token's release date, issuance scale, and specific mechanics have not yet been disclosed.
