Hunter Biden launches the politically themed meme cryptocurrency $LAPTOP, using the “laptop” scandal narrative as its branding. Multiple outlets report that the token starts trading on Wednesday and falls sharply shortly after launch, with early losses described as extreme in the first hour.
The project is framed by Biden as “resilience” and “recovery,” including remarks on X that he is reclaiming the “laptop narrative.” Several reports connect the launch to longstanding media and political attention surrounding a purported Delaware laptop ahead of the 2020 election, and outlets note that Biden’s launch also draws attention to his relationship with crypto and to criticism he has made of Trump-related crypto ventures.
Reporting differs on emphasis: some outlets foreground the immediate market crash; others focus on the political messaging and tokenomics. Cointelegraph and other accounts of the disclosures say the token has no utility and that founder tokens are locked before vesting. Several sources also say the supply includes allocations for airdrops to Biden’s subscribers and a capped 2% reserved for wallets that lost money holding Trump’s memecoin, while Base founder Jesse Pollak says Base declined to support the token’s design or promotion.
Across coverage, critics challenge the token as a “shitcoin” or speculative memecoin, while supporters portray it as a symbolic counter to prior coverage.
