Written by: Shannon@Jinse Finance On the evening of September 7th, The Wall Street Journal reported that Hunter Biden, son of Joe Biden, will participate in the issuance of the Meme coin "$LAPTOP". The name LAPTOP comes from the laptop that sparked political controversy during the 2020 election. The token is scheduled to launch on September 9th on Coinbase's Layer 2 network, Base. The token's economic model has a total supply of 1 billion tokens, with 30% held by the founding team, including Hunter Biden, and locked for six months; another 20% airdropped to holders who lost money on the Trump token, his Substack subscribers, and mailing list users of video journalist Andrew Callaghan; and up to 30% will be burned based on a series of political and market events, including a Democratic victory in the 2028 election. It's worth noting that Hunter Biden confirmed the news on the X platform just four minutes after the Wall Street Journal report was published, indicating that this was a carefully planned public relations move, not a spur-of-the-moment decision. [Image of image: https://img.jinse.com.cn/7508507_watermarknone.png](https://img.jinse.com.cn/7508507_watermarknone.png) [Image of image: ks0FN9xg2qgUifaqZKyDkGxZhKei5QVHmZjGgovE ...)](https://ks0FN9xg2qgUifaqZKyDkGxZhKei5QVHmZjGgovE.png) [Image of image: ks0FN9xg2qgUifaqZKyDkGxZhKei5QVHmZjGgovE.png) [Image of image: ks0FN9xg2qgUifaqZKyDkGxZhKei5QVHmZjGgovE.png) [Image of image: ks0FN9xg2qgUifaqZKyDkGxZhKei5QVHmZjGgovE.png](https://x.com/HunterBiden/status/2096975577727316327 This project comes at a time when the Trump family has become a major player in the cryptocurrency space through projects like Trumpcoin and World Liberty Financial. Trump's latest financial disclosures show that he earned $1.4 billion from Memecoin and cryptocurrency trading last year. Hunter Biden's move has a clear "tit-for-tat" feel to it. Since the Trump family can make money by issuing cryptocurrencies, he can follow suit, even using the same method to satirize them. 2. Precise Political Marketing and Traffic Harvesting The name $LAPTOP itself is a topic generator. For years, "Hunter Biden's laptop" has been one of the core materials used by conservative media to attack the Biden family. Emails, documents, financial records, and explicit photos that allegedly show Hunter Biden using drugs and with women in hotel rooms became a sensational scandal before the 2020 election, and in 2024, federal prosecutors even used evidence from the same device to file a lawsuit against him. Rather than continuing to be tainted by this stain, it's better to turn it into a self-deprecating political symbol and cash in on it. This is a typical "black is red, but red is still red" logic, turning negative labels into traffic and money. 3. Targeted "harvesting" of the emotions of Trump coin victims. The design of airdropping tokens to Trump coin losers is highly targeted and ironic. The advocacy group Public Citizen estimated at the end of August that investors had lost at least $4.7 billion on Trump's five crypto projects, of which $3.2 billion came from Trump coin, and about $1 billion was related to World Liberty Financial. By airdropping tokens to these "victims," the Hunter Biden team could both generate buzz and acquire a potential user group that was already dissatisfied with Trump-affiliated crypto projects and emotionally sensitive at low cost. 4. Regulatory Vacuum and the Advantages of His Status The Clarity Act, which aims to establish a unified regulatory framework for crypto assets, is currently stalled due to provisions regarding whether to prohibit officials and their families from profiting from cryptocurrencies. However, even if such provisions are passed, they will not apply to Hunter Biden, as his father will leave office in January 2025. Furthermore, Hunter Biden received a pardon signed by his father shortly before leaving the White House. In other words, Hunter Biden's cryptocurrency launch occurred during a "regulatory vacuum." He faces no direct conflict of interest from his current public office and can capitalize on the political buzz of being the "son of the president," demonstrating precise strategic positioning.
II. Impact on the Meme Coin Market
1. Further Confirmation of "Political Meme Coins" as an Independent Track
Trump Coin's success precedes it, and now $LAPTOP is following closely behind, indicating that "political figures/political events + Meme coins" has evolved from an isolated case of the Trump family into a replicable business model. In the future, it's possible that more political figures, celebrities, or their relatives will follow suit, assetizing their personal IP or controversial events. This reflects the essence of the Meme coin "attention economy"—"topic value equals buzz"—and may also accelerate market fatigue with political Meme coins.
2. Activating the Base Ecosystem?
Previously, Base focused on content tokens, but Coinbase management later considered this a mistake. Furthermore, compared to the recent popularity of Meme coins on Robinhood Chain, the Base ecosystem appears desolate and barren.
As an L2 network also backed by a major player, the Base network currently boasts a total locked value of $5.67 billion and a daily DEX trading volume of $567.2 million, maintaining an advantage over its competitor Robinhood Chain (total locked value of $908.7 million and daily trading volume of $1.61 billion). Could the launch of $LAPTOP activate Base? If there's collusion between them, it wouldn't be surprising. 3. Warning Effect: Difficulty in Distinguishing Genuine from Fake and Rising Fraud Risks Currently, there is no publicly available official contract address, and scammers have already made precedents in such cases. In February 2025, after the World Liberty Financial account was hacked, a fake BARRON Meme coin was launched, and even after the scam was exposed, the coin continued to trade. This suggests to the market that whenever a hot political figure is "exposed" to be issuing a cryptocurrency, altcoins and phishing scams often rush in, making ordinary investors highly vulnerable to being exploited due to information asymmetry. Such events objectively raise market awareness of the risks of "unverified political meme coins," but short-term chaos is likely unavoidable. 4. Market Observation and Even Caution Looking back, the announcement of $LAPTOP triggered a slight collective correction in the meme coin market. Although the political gimmick of Biden's son issuing a meme coin was newsworthy, most crypto market participants viewed it with skepticism and even caution. This was especially true after precedents like Trump coin had already demystified "presidential family coins" and "political star coins." Conclusion Hunter Biden's issuance of $LAPTOP is essentially an operation that transforms personal blemishes into a tool for political marketing and commercial monetization. It directly imitates and satirizes the Trump family's crypto business model, while also precisely exploiting regulatory loopholes and market sentiment. For the entire Meme coin market, this event both perpetuates the hype and attention surrounding the "political Meme coin" sub-sector and once again demonstrates the so-called "everything can be Memeized" spirit of the Meme coin market. Investors attracted by the hype should remain highly vigilant regarding the token's authenticity, the team's lock-up and sell-off risks, and the potential for a sharp price drop after the "political narrative" fades.
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