亨特·拜登将于周三推出模因币。他正在将其空投给所有因特朗普而赔钱的人。

The $LAPTOP token will go live on Base with 1 billion tokens, a six-month founder lockup, and conditional burns tied to the 2028 election. The 20% airdrop targets wallets that bled money on $TRUMP, Substack subscribers, and the mailing list of Channel 5 journalist Andrew Callaghan.

Summary Hunter Biden will launch the $LAPTOP memecoin on Base on Sept. 9, with a total supply of 1 billion tokens and 30% locked to founders for six months.

A 20% airdrop will go to wallets that lost money on the $TRUMP token, Biden’s Substack subscribers, and Andrew Callaghan’s Channel 5 mailing list.

Up to 30% of supply faces conditional burns tied to 30 preset events, including a Democratic win in 2028, bitcoin hitting a new all-time high, and $LAPTOP flipping $TRUMP’s market cap.

Tokens tied to unmet conditions will be donated to charity, not returned to the founding team.

The launch comes as $TRUMP trades at $2.25, down 97% from its $73.43 peak, with 988,905 wallets sitting on combined losses of $3.81 billion.

On a Sunday evening in early September, Hunter Biden posted two words and a date to X: “$LAPTOP September 9.”

No whitepaper. No Medium thread explaining the vision. No staged Twitter Spaces with a rotating cast of influencers nodding along to vague promises about community. Just a ticker symbol ripped from the most infamous piece of consumer electronics in American political history, a launch date, and an image of the laptop that nearly ended his father’s presidential campaign.

Two days before the token goes live on Base, the announcement has already done what it was designed to do: make everyone talk about it. Dozens of copycat tokens have flooded Base, Solana, and Robinhood Chain, with the largest reaching a $1.3 million market cap before the real thing has even minted. The political memecoin market, a category that did not meaningfully exist 20 months ago, is about to get its most provocative entry yet.

The $LAPTOP token is not just another celebrity cash grab wearing a blockchain as a costume. Or at least, that is the argument its backers want you to hear. The tokenomics include a six-month founder lockup, a two-year vesting schedule, and a burn mechanism tied to 30 real-world events that could destroy nearly a third of the supply. The 20% airdrop targets a very specific audience: the roughly one million people who bought Donald Trump’s memecoin and watched it crater 97% from its January 2025 peak. Whether $LAPTOP is a genuine experiment in political tokenomics or an elaborate troll that happens to come with a smart contract, it has already become the most talked-about token launch of the fall.

The tokenomics: what Biden is actually selling

The $LAPTOP token has a fixed supply of 1 billion tokens on Base, the Ethereum layer-2 network built by Coinbase. The allocation breaks down into four tranches that tell you exactly what kind of project this is trying to be.

Founders, including Hunter Biden, hold 30% of the supply. Those 300 million tokens are locked for six months after the Sept. 9 launch and then vest linearly over two years. That means the earliest any founder token can hit the open market is March 2027, and the full allocation will not be unlocked until September 2028. By political memecoin standards, where insider dumps within hours of launch are the norm, that is a comparatively aggressive lockup. By the standards of any serious DeFi protocol, it is table stakes.

Twenty percent of the supply, or 200 million tokens, is reserved for airdrops across two rounds. The first round targets wallets that are underwater on the $TRUMP memecoin. The second goes to Biden’s Substack subscribers and the mailing list run by Andrew Callaghan, the video journalist behind Channel 5 on YouTube. The airdrop does not appear to require any purchase or swap. If you lost money on Trump’s token, or if you subscribe to Biden’s writing or Callaghan’s newsletter, you qualify.

Another 20% covers operations: exchange listings, market-making, liquidity provision, charitable donations, and legal and accounting costs. That is a broad bucket, and the lack of granularity here is worth flagging. “Operations” can mean almost anything, and the project has not published a detailed breakdown of how those 200 million tokens will be deployed.

The remaining 30%, or 300 million tokens, sits in a conditional burn pool tied to 30 preset events. If the conditions are met, the tokens are destroyed. If they are not met, they go to charity. The founding team does not get them back either way.

Why Base, and why now

The choice of Base over Solana is a deliberate break from the political memecoin playbook. Every major political token launched since January 2025, from $TRUMP to $MELANIA to Eric Adams’s ill-fated NYC token, landed on Solana. The chain’s low fees and fast finality made it the default for speculative token launches, and its culture of degenerate trading gave political tokens a ready-made audience.

JUST IN: Hunter Biden confirmed $LAPTOP launches September 9

The memecoin is set to deploy on Base pic.twitter.com/9W8rVcfJmg — crypto.news (@cryptodotnews) September 8, 2026

Base is a different animal. As Coinbase’s Ethereum layer-2 network, it carries institutional credibility that Solana’s memecoin ecosystem does not. Base has grown into the largest layer-2 network by several metrics, with more than 410 DeFi protocols and $264 billion in cumulative transaction volume. It is also the chain where Coinbase has deployed its tokenized stock products, giving it a veneer of regulatory seriousness that matters when the person launching the token is the son of a former president who is also a convicted felon with unresolved legal exposure.

The timing is equally calculated. $TRUMP has been trading below $3 for weeks, and the Senators Elizabeth Warren and Richard Blumenthal sent a letter to SEC Chairman Paul Atkins in early August requesting a formal investigation into the token. The political mood around presidential memecoins has shifted from curiosity to outrage, and $LAPTOP is designed to ride that wave. Launching a token named after the laptop while Trump’s own token is down 97% is not subtle. It is not trying to be.

The airdrop: who gets free tokens and why

The airdrop mechanics are where $LAPTOP gets interesting, and where the project’s real thesis lives. The 200 million airdrop tokens are split across two rounds, and the targeting criteria are unlike anything the memecoin market has seen.

Round one goes to wallets that lost money on $TRUMP. According to blockchain analytics firm Nansen, 988,905 of the 1.48 million wallets that purchased $TRUMP since its January 2025 launch are sitting on combined realized and unrealized losses of $3.81 billion. That is roughly two-thirds of all buyers. The data is on-chain and verifiable, which means building a snapshot of qualifying wallets is technically straightforward. The harder question is how the $LAPTOP team defines “lost money.” Does a wallet need to be net negative on its entire $TRUMP position? Does it need to still hold the tokens? Does a wallet that bought at $50, sold at $10, and then bought back at $2 qualify? None of these details have been published.

Round two targets Biden’s Substack subscribers and Andrew Callaghan’s mailing list. Callaghan is the 27-year-old journalist behind Channel 5, a YouTube documentary series with 3.6 million subscribers that has covered everything from QAnon rallies to spring break chaos. His audience skews young, politically aware, and chronically online, which is precisely the demographic that trades memecoins. The inclusion of Callaghan’s list signals that $LAPTOP is not just targeting crypto natives. It wants to pull in people who have never connected a wallet to a DEX.

The bridge between email subscribers and on-chain airdrops is not obvious. Substack and mailing list subscribers will presumably need to connect a wallet to claim tokens, which introduces friction and potential security concerns. The project has not detailed this process.

The conditional burns: political derivatives by another name

The most unusual feature of $LAPTOP is its conditional burn mechanism. Up to 300 million tokens, 30% of the total supply, are tied to 30 preset events. When an event occurs, the corresponding token tranche is burned, permanently reducing the circulating supply. When a deadline passes without the condition being met, the tokens go to charity.

Three of the conditions have been disclosed publicly:

A Democrat wins the 2028 presidential election. This turns $LAPTOP into a de facto political prediction market token. If Democrats win, tokens burn and the remaining supply becomes scarcer. If Republicans win, the tokens go to charity. Holders are, in effect, making a directional bet on the 2028 election outcome every time they buy $LAPTOP.

Bitcoin reaches a new all-time high. Bitcoin’s current record sits near $109,000, set in January 2025. A new ATH would burn a tranche of $LAPTOP tokens, tying the memecoin’s supply mechanics to the performance of the broader crypto market.

$LAPTOP’s market cap overtakes $TRUMP’s market cap. With $TRUMP trading around $2.25 and holding a market cap near $613 million, this condition sets a specific market performance target. If $LAPTOP flips $TRUMP, tokens burn. If it does not, those tokens go to charity.

The remaining 27 conditions have not been revealed. The project has hinted they will include a mix of political, cultural, and crypto-market events, but the specifics are locked until after launch.

This structure creates something that does not have an exact precedent in crypto. The tokens are not governance tokens. They are not utility tokens. They are speculative instruments whose supply is programmatically linked to real-world outcomes. That is conceptually close to what prediction markets like Polymarket offer, but packaged in a memecoin wrapper with a political narrative baked into every trade.

The $TRUMP wreckage: why a million wallets are underwater

To understand why $LAPTOP’s airdrop targeting is so pointed, you need to understand the scale of the damage $TRUMP inflicted on retail buyers.

Donald Trump launched the $TRUMP memecoin on Solana on Jan. 17, 2025, three days before his second inauguration. The token hit $73.43 on Jan. 19, giving it a fully diluted valuation north of $70 billion and making it the most valuable memecoin in history by a wide margin. Then it collapsed.

By the time Melania Trump launched her own $MELANIA token the next day, $TRUMP had already shed more than half its value. The launch of $MELANIA pulled liquidity from $TRUMP and began its own death spiral, peaking near $13 and eventually falling more than 99% to roughly $0.11 as of September 2026.

$TRUMP’s decline was slower but just as brutal in aggregate. Through June 2026, Nansen’s blockchain data showed 988,905 wallets carrying $3.81 billion in combined losses. Meanwhile, Trump disclosed $636 million in personal income from the token in his 2026 financial disclosure, a figure that represented nearly three times the net gains of all other profitable buyers combined. Around 5,000 wallets made money. Everyone else subsidized the president’s payday.