Hunter Biden's LAPTOP memecoin faces crypto backlash before Base launch

  • Hunter Biden plans to launch the LAPTOP memecoin on Base September 9.
  • One copycat token rose more than 1,160% and posted $228.9 million in volume.
  • The project has no published official contract address ahead of the planned launch.

Hunter Biden is expected to launch the LAPTOP memecoin on Base on September 9, with a total supply of one billion tokens. The project emerged after The Wall Street Journal reported the plan, and Biden appeared to confirm it on X by posting the $LAPTOP ticker, launch date and a 31-second Fox News clip about the laptop controversy. Before an official contract address was published, more than a dozen same-name tokens appeared on Solana, BNB Chain and TON, generating about $6.9 million in combined trading volume. One copycat token rose more than 1,160% to about $0.00168 and recorded roughly $228.9 million in 24-hour volume, despite no confirmation that it was linked to Biden's project. Founders, including Biden, are allocated 30% of the supply, locked for six months and released over about two years. Another 20% is designated for airdrops, including wallets that lost money on Donald Trump's TRUMP memecoin, Biden's Substack subscribers and Andrew Callaghan's mailing list. The project also plans to allocate 20% to liquidity, exchanges and legal costs, while up to 30% could be burned based on future events. Base has said it has no partnership with LAPTOP and did not assist with its design or promotion. The launch has drawn criticism from crypto traders, while Kraken deleted a promotional post and Callaghan denied involvement. A CoinGecko preview listing did not confirm any trading token as official.

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