Hunter Biden, son of former US President Joe Biden, is preparing to enter the cryptocurrency market with LAPTOP, a memecoin (cryptocurrency created around a theme or joke) scheduled to launch on September 9 on Base, an Ethereum Layer-2 network (scaling network built on Ethereum) developed by Coinbase. The project references the laptop controversy that emerged in 2020 and involved leaked messages concerning Joe Biden’s business dealings abroad and personal life. Hunter Biden has gained increased media visibility in recent weeks through podcasts, television programs and other broadcasts, while posting on X that decentralized digital currencies are the "inevitable future" and commenting on the dispute involving the Trump family’s World Liberty Financial project and Justin Sun. The planned supply is 1 billion LAPTOP tokens, with founders including Hunter Biden allocated 30%. Those tokens cannot be sold for six months, and vesting is due to finish within two years. Another 20% is intended for two distributions to selected users, including investors who lost money on Donald Trump’s TRUMP memecoin, Hunter Biden’s Substack subscribers and members of an email list created by video journalist Andrew Callaghan. TRUMP, launched in January 2025, reached about $15 billion in market capitalization before falling sharply and has recently traded around $2, with its market value near $600 million. LAPTOP will also use token burning (permanently removing tokens from supply) tied to 30 predetermined political and financial events. Up to 30% of the supply could be burned if qualifying events occur within the specified period, including a Democratic Party candidate winning the 2028 US presidential election, Bitcoin reaching a new all-time high or LAPTOP’s fully diluted market capitalization exceeding TRUMP’s. If the predicted outcomes do not occur, a proportional share of the planned burn allocation will be donated to charity. The remaining 20% is designated for charitable purposes, liquidity provision, exchange and market maker distributions, and the foundation’s accounting, legal, administrative and compliance expenses. The project continues a broader US political memecoin trend that has included tokens linked to Donald Trump, Melania Trump and former New York Mayor Eric Adams. Those tokens initially rose rapidly before losing significant value, underscoring the high risks associated with memecoins’ lack of intrinsic value and extreme volatility. The project is not investment advice.