Hunter Biden’s new “LAPTOP” memecoin targets traders who lost money on TRUMP

Hunter Biden is about to test whether his criticism of political profiteering through crypto applies to his own business ventures.According to The Wall Street Journal, former President Joe Biden's son plans to launch a memecoin called LAPTOP on Sept. 9, turning one of the most politically charged episodes of his father’s 2020 election campaign into a speculative crypto asset. The token will debut on Coinbase’s Base network with a supply of 1 billion units.Following the report, Hunter Biden promoted the LAPTOP ticker on X with a video compilation revisiting the laptop controversy.The project puts Biden’s political notoriety at the center of the trade. Its name references the laptop he left at a Delaware repair shop in 2019, whose contents became a major controversy ahead of the 2020 presidential election.Founders, including Biden, have been allocated 30% of LAPTOP’s supply, with those tokens locked for six months before vesting over the following two years.Another 20% is reserved for two rounds of airdrops, including distributions to Biden’s Substack subscribers and wallets that lost money holding President Donald Trump’s TRUMP memecoin. Up to another 30% is linked to a series of po...