Key HighlightsHunter Biden is set to debut a memecoin named LAPTOP this Wednesday on the Base Layer 2 networkOne-fifth of the 1 billion token allocation will be distributed via airdrops, with priority given to addresses that suffered losses on the TRUMP tokenThree-tenths of the total supply connects to 30 political forecasts that will either eliminate tokens or direct them toward charitable causesExchange platform Kraken removed a promotional tweet following community criticism, while Base’s creator clarified there’s no official collaboration with the initiativeBiden condemned the TRUMP token, noting it resulted in approximately 1 million wallets experiencing $3.8 billion in aggregate lossesHunter Biden is preparing to introduce a cryptocurrency called LAPTOP this Wednesday, appropriating the name of the computer that sparked one of the most significant political scandals in recent American history.Biden revealed the token through the social media platform X, characterizing it as emblematic of “resilience, redemption, and recovery.” He positioned the initiative as reclaiming a narrative that had been weaponized against him throughout multiple election cycles.“They weaponized laptop against me. I’m turning it into currency,” Biden declared.For years, Trump and right-wing media have been asking, “Where’s Hunter? Where’s Hunter?” Well, here I am. Clear, strong, seven years sober, and with a lot to say.By now, you may have seen the article in the Wall Street Journal that I’m launching a meme coin called $LAPTOP.…— Hunter Biden (@HunterBiden) September 8, 2026Token Allocation BreakdownThe complete token supply totals 1 billion units. Twenty percent is designated for community distribution through airdrops. Upon the initial launch, 10% becomes accessible via a claiming platform operated by the Phoenix Veritas Foundation, the organization overseeing the token. The second 10% will be allocated at a future date determined by the foundation.Two specific demographics qualify for airdrop eligibility. Investors who experienced financial losses on Donald Trump’s TRUMP memecoin will obtain 2% of the total supply. Subscribers to Biden’s personal publication, “Where’s Hunter?”, are entitled to 8%.Biden directly attacked the TRUMP token, claiming it caused nearly 1 million wallet addresses to collectively lose $3.8 billion. He described the project as a “grift.”An additional 30% of LAPTOP’s supply links directly to 30 political predictions based on real events, with many connected to forecasting markets on Polymarket. When a forecast proves accurate, the associated tokens are permanently destroyed. When incorrect, those tokens transfer to charitable organizations. A separate allocation of 50 million tokens is designated for charity independent of prediction outcomes.Crypto Community ResponseThe token’s announcement has generated considerable controversy. Kraken, a major cryptocurrency exchange platform, withdrew a promotional message after facing significant backlash from its trading community.Video content creator Andrew Callaghan, whose subscriber base was initially targeted for an airdrop, publicly separated himself from the project.Jesse Pollak, the architect behind Base—the Coinbase-developed blockchain hosting the LAPTOP launch—stated his organization made a “conscious decision” to avoid designing or marketing the token. He emphasized that Base maintains no partnership arrangement with the project.Project founders, including Biden himself, will control 30% of the supply, restricted by a six-month lockup followed by a 24-month gradual release schedule. An additional 10% is allocated for liquidity provision, while 5% supports the foundation’s operational treasury.Biden explicitly stated that purchasers shouldn’t anticipate anyone working to enhance the token’s market value. “LAPTOP isn’t just about owning something, it’s about saying something,” he explained.The laptop at the center of this controversy first emerged publicly in 2019 after Biden abandoned it at a computer repair facility in Delaware. Contents from the device subsequently served as evidence in his 2024 federal firearms case conviction.The post Hunter Biden Transforms Laptop Controversy Into Cryptocurrency Launch appeared first on Blockonomi.