LAPTOP meme coin unlocks 35% of supply at token generation

  • Phoenix Veritas Foundation disclosed LAPTOP's allocation and scheduled debut on Coinbase's Base network.
  • 350 million LAPTOP tokens, or 35% of the 1 billion total supply, were unlocked at TGE.
  • The first-day airdrop allocates 100 million tokens, with unclaimed tokens permanently destroyed after 30 days.

LAPTOP, a meme coin associated with Hunter Biden, son of former U.S. President Joe Biden, has a total supply of 1 billion tokens, with 350 million, or 35%, unlocked at its token generation event (TGE). The allocation includes 100 million tokens each for a first-day community airdrop, future airdrops and liquidity, plus 50 million for the Phoenix Veritas Foundation treasury. The first-day airdrop reserves 20 million tokens for TRUMP trading-loss users through partner platforms and 80 million for users who subscribed to Hunter Biden's "Where's Hunter" Substack before Sept. 6. Unclaimed tokens will be permanently destroyed after 30 days. The disclosure followed reports that LAPTOP was scheduled to debut on Sept. 9 on Coinbase's Base network, while related Robinhood ecosystem meme coins declined, including PONS, CASHCAT, AI, MEME and microduck. Phoenix Veritas Foundation also said 20.5 million LAPTOP tokens covered by market-making agreements with G20 and GSR are included in the liquidity allocation rather than representing additional issuance.

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