Hunter Biden’s LAPTOP Meme Coin Launches on Base

A new project called LAPTOP is set to launch on the Base blockchain on September 9. This token pulls from the long standing political controversy surrounding a laptop belonging to Hunter Biden. Issued by the Phoenix Veritas Foundation, the project features a total supply of 1 billion tokens.

The coin uses a prediction system where 30% of the supply is tied to various political and cultural outcomes. Depending on how these events unfold, those tokens will either be burned or sent to charities. Another 30% of the supply is reserved for the founders, while the remaining 40% is earmarked for specific airdrop campaigns.

A significant portion of these airdrops targets people who suffered financial losses while trading the TRUMP meme coin. The distribution also includes rewards for subscribers of specific Substack and mailing lists. Participants have 30 days to claim their tokens once the project goes live, or the remaining supply will be burned.

This launch has sparked debate within the crypto community regarding political figures profiting from speculative digital assets. Critics point to the recent volatility of similar political tokens, which have left many retail traders with significant losses. As the launch approaches, investors should remain cautious and aware of the risks involved with high speculation meme coins.