Donald Trump · Joe Biden · Coinbase · Ethereum · Wall Street · Decrypt
Hunter Biden to Airdrop LAPTOP Meme Coin to TRUMP’s Biggest Losers
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Hunter Biden is getting into crypto, and he's doing it by cashing in on his own scandal.
Key facts
- Per the Wall Street Journal, Hunter Biden’s meme coin will trade on Base, the Ethereum layer-2 network—a faster, cheaper blockchain built to run alongside Ethereum—that Coinbase created in 2023
- LAPTOP references the laptop a Delaware repair shop handed over in 2019, whose contents the New York Post published weeks before the 2020 election, igniting a controversy that consumed American
- Entities tied to the Trump Organization control 80% of TRUMP's supply under their own multi-year vesting schedule
- The team behind the token also plan on burning 30% of the supply based on certain criteria hitting, including Bitcoin hitting a new all-time high or a Democrat winning the 2028 election
Summary
Hunter Biden is launching a meme coin called LAPTOP on Sept. 9 on Base, Coinbase's Ethereum layer-2 network, according to a Wall Street Journal report. Founders keep 30% of the supply, vested over two years, while 20% funds a two-round airdrop specifically targeting wallets that lost money on President Trump's TRUMP token. A burn mechanism tied to 30 preset events—including Bitcoin hitting a new all-time high or a Democrat winning the 2028 election—could destroy up to 30% of the supply, with tokens tied to unmet conditions donated to charity instead. Per the Wall Street Journal, Hunter Biden’s meme coin will trade on Base, the Ethereum layer-2 network—a faster, cheaper blockchain built to run alongside Ethereum—that Coinbase created in 2023.