Blab Crypto
Hunter Biden Launches $LAPTOP Meme Coin on Coinbases Base Network
On September 9, 2026, a new meme coin—$LAPTOP—took the crypto world by storm when it launched on Coinbase’s Base layer‑2 network. The token, created by Hunter Biden, the son of former U.S. President Joe Biden, opened trading at a price that implied a fully diluted valuation of more than $100 billion. Within the first hour, the market cap collapsed to roughly $1.6 billion, while the liquidity pool that supported the trades swelled from about $48,000 to $2.5 million.
CoinDesk reported that $LAPTOP began trading on Base at $190.81 within two minutes of launch, before plunging to $3.70 later that hour. The initial price spike was powered by a shallow liquidity pool of only $48,000, which was rapidly expanded to $2.5 million by the end of the first hour. During that period, trading volume hit approximately $19 million across hundreds of pairs, underscoring how a thin pool can inflate a token’s price on very little buying and then deflate it just as fast.
Before the token opened to the public, a multisignature wallet tagged as the Laptop Token wallet received 100 million $LAPTOP tokens—ten percent of the total supply—seven days prior to trading. CoinDesk noted that 42.5 million of those tokens had already been distributed. Market maker GSR received 15.5 million tokens four days before the launch, while Wintermute was credited with roughly 1.8 million tokens in a hot wallet. The largest single transfer CoinDesk highlighted was 14.5 million tokens sent to an unlabeled address about two hours before trading began. Such pre‑launch allocations to market makers and insiders are common in meme‑coin launches.
The token’s structure was outlined earlier in September. The total supply is 1 billion $LAPTOP on Base. Thirty percent is reserved for Hunter Biden and co‑founders, locked for six months and then released over the following two years. Twenty percent is earmarked for airdrops, including wallets that lost money on former President Trump’s TRUMP token. Remaining portions are allocated to liquidity, operations, and charity. Additionally, up to 30 percent of the supply is tied to outcomes that could trigger burns, such as a Democratic win in 2028, Bitcoin reaching a new all‑time high, or $LAPTOP surpassing $TRUMP in market cap. According to reports, Hunter Biden’s Substack subscribers were set to receive 4,276 tokens each, a paper value of nearly $1.3 million per claim at the peak. Blockchain analytics firm Bubblemaps later indicated that 80 percent of traders lost money, including two losses between $100,000 and $1 million, about 100 losses above $10,000, and thousands of smaller losses.
The token’s name references the laptop that Hunter Biden allegedly left at a Delaware repair shop in 2019, whose contents became a focal point of the 2020 election and subsequent political attacks. In the weeks before the launch, Hunter Biden had publicly criticized former President Trump for alleged crypto conflicts of interest, including the TRUMP token. The launch of $LAPTOP, therefore, drew scrutiny from observers who noted the contrast between Biden’s criticism of Trump’s crypto activities and his own entry into the space. The Base network, operated by Coinbase, is a layer‑2 solution built on Ethereum. Unlike earlier projects that marketed themselves as “decentralized” to avoid regulatory scrutiny, $LAPTOP was launched directly on a network owned by one of the largest U.S. crypto companies, which collects transaction fees from every trade.
As of now, $LAPTOP remains listed on Base with a circulating supply of 350 million tokens and a market cap of roughly $1.6 billion. Liquidity pools continue to grow, and trading volume has stabilized after the initial surge. The token’s future will depend on the release schedule for the locked 30 percent reserved for the founders, the execution of the airdrop to Substack subscribers, and the activation of any burn mechanisms tied to political or market milestones. Regulatory attention remains focused on the broader crypto industry, and the launch of $LAPTOP has added another high‑profile example of a politically themed meme coin entering the market.
CoinDesk reported that $LAPTOP began trading on Base at $190.81 within two minutes of launch, before plunging to $3.70 later that hour. The initial price spike was powered by a shallow liquidity pool of only $48,000, which was rapidly expanded to $2.5 million by the end of the first hour. During that period, trading volume hit approximately $19 million across hundreds of pairs, underscoring how a thin pool can inflate a token’s price on very little buying and then deflate it just as fast.
Before the token opened to the public, a multisignature wallet tagged as the Laptop Token wallet received 100 million $LAPTOP tokens—ten percent of the total supply—seven days prior to trading. CoinDesk noted that 42.5 million of those tokens had already been distributed. Market maker GSR received 15.5 million tokens four days before the launch, while Wintermute was credited with roughly 1.8 million tokens in a hot wallet. The largest single transfer CoinDesk highlighted was 14.5 million tokens sent to an unlabeled address about two hours before trading began. Such pre‑launch allocations to market makers and insiders are common in meme‑coin launches.
The token’s structure was outlined earlier in September. The total supply is 1 billion $LAPTOP on Base. Thirty percent is reserved for Hunter Biden and co‑founders, locked for six months and then released over the following two years. Twenty percent is earmarked for airdrops, including wallets that lost money on former President Trump’s TRUMP token. Remaining portions are allocated to liquidity, operations, and charity. Additionally, up to 30 percent of the supply is tied to outcomes that could trigger burns, such as a Democratic win in 2028, Bitcoin reaching a new all‑time high, or $LAPTOP surpassing $TRUMP in market cap. According to reports, Hunter Biden’s Substack subscribers were set to receive 4,276 tokens each, a paper value of nearly $1.3 million per claim at the peak. Blockchain analytics firm Bubblemaps later indicated that 80 percent of traders lost money, including two losses between $100,000 and $1 million, about 100 losses above $10,000, and thousands of smaller losses.
The token’s name references the laptop that Hunter Biden allegedly left at a Delaware repair shop in 2019, whose contents became a focal point of the 2020 election and subsequent political attacks. In the weeks before the launch, Hunter Biden had publicly criticized former President Trump for alleged crypto conflicts of interest, including the TRUMP token. The launch of $LAPTOP, therefore, drew scrutiny from observers who noted the contrast between Biden’s criticism of Trump’s crypto activities and his own entry into the space. The Base network, operated by Coinbase, is a layer‑2 solution built on Ethereum. Unlike earlier projects that marketed themselves as “decentralized” to avoid regulatory scrutiny, $LAPTOP was launched directly on a network owned by one of the largest U.S. crypto companies, which collects transaction fees from every trade.
As of now, $LAPTOP remains listed on Base with a circulating supply of 350 million tokens and a market cap of roughly $1.6 billion. Liquidity pools continue to grow, and trading volume has stabilized after the initial surge. The token’s future will depend on the release schedule for the locked 30 percent reserved for the founders, the execution of the airdrop to Substack subscribers, and the activation of any burn mechanisms tied to political or market milestones. Regulatory attention remains focused on the broader crypto industry, and the launch of $LAPTOP has added another high‑profile example of a politically themed meme coin entering the market.
