The LAPTOP meme coin associated with Biden’s son surpassed 9,300 on-chain holders within 10 minutes of launching on Sept. 9, according to BlockBeats, citing blockchain data. Information previously displayed on the project’s website listed a total supply of 1 billion tokens, with 35%—or 350 million tokens—unlocked at the token generation event (TGE). Full unlocking is scheduled over 36 months. The allocation includes 30% for founders, 30% for prediction markets, 10% for an initial airdrop, 10% for future airdrops, 10% for liquidity, 5% for the foundation treasury and 5% for charity. BlockBeats warned that meme coins typically experience extreme volatility, rely heavily on market sentiment and narrative speculation, and have no practical value or use case, highlighting the risks for investors.