Hunter Biden Announces LAPTOP Meme Coin on Coinbase Base
Hunter Biden revealed plans to issue a new meme token named LAPTOP, with a total supply capped at 1 billion coins, scheduled for release this Wednesday on Coinbase’s Base blockchain network. The project's founders, including Biden himself, are set to receive 30% of tokens, locked for six months and gradually unlocking over more than two years. Another 20% of the tokens will be distributed through two rounds of airdrops. The first airdrop targets wallets holding the TRUMP token, initiated by former President Donald Trump, specifically those addresses that have yet to realize profits.
In addition, subscribers to Biden’s Substack and email addresses linked to journalist Andrew Callaghan are also included in the airdrop list. Upon announcement, the project faced swift and vocal criticism from the cryptocurrency community.
Prioritizing TRUMP Token Holders Rekindles Past Controversies
The TRUMP token debuted in late 2025, just before Trump’s inauguration, once reaching a market cap near $15 billion before plunging approximately 97% from its peak. Targeting these unprofitable TRUMP token holders for the initial LAPTOP airdrop has stirred renewed debate. The LAPTOP token leverages Biden’s prior notoriety linked to the controversial 'lost laptop' incident, seemingly attempting to capitalize on that media attention and political debate through financial means. Many traders have publicly dismissed the project as lacking seriousness or substantive value, with several crypto influencers expressing disapproval and disappointment on social media.
Exchanges and Stakeholders Respond to Backlash
Kraken exchange swiftly removed social media posts promoting LAPTOP after user backlash, yet has not confirmed discontinuing plans to list the token. Meanwhile, Andrew Callaghan strongly denied any involvement with the token project or consent to use his email list for the airdrop.
Jordan Fish, head of Coinbase Base, clarified that anyone can issue tokens on the Base platform and emphasized that LAPTOP is not an official Coinbase or Base initiative. This statement aimed to dispel misunderstandings about the project’s affiliation with major platforms.
Community Reaction Mixed, Speculation Persists
Despite broad criticism from mainstream traders, some platforms like Pump.fun continue to promote LAPTOP, and several knockoff tokens bearing the same name have seen active trading. This suggests a segment of the market remains interested from a speculative standpoint. The upcoming days will be indicative of broader market reception and whether the token can establish any real economic utility.
Hunter Biden's LAPTOP meme coin launch highlights the complex intersections of celebrity identity, political controversy, and crypto market hype. Investors and observers will be watching closely as exchanges and regulators navigate the nuanced landscape this project represents.