Hunter Biden launches crypto meme coin making light of laptop scandal | Latest Tech News
Hunter Biden is turning his infamous laptop into a crypto play — launching a $LAPTOP meme coin that will hand out tokens to buyers who misplaced money betting on President Trump’s digital currency.
The former first son plans to launch $LAPTOP on Wednesday utilizing Coinbase’s blockchain community Base, the Wall Street Journal reported Monday, citing people acquainted with the project.
The coin may have a complete provide of 1 billion tokens.
Hunter Biden is popping his infamous laptop into a crypto enterprise with the launch of the $LAPTOP meme coin. Obtained by NY Post
Biden and his fellow founders are slated to obtain practically a third of the 1 billion cash, according to the Journal. They may have to wait six months before promoting any of their allotment, which can turn out to be totally obtainable over two years.
Meanwhile, some of Trump’s crypto buyers may get a piece of Biden’s new enterprise for free.
Biden is reportedly setting apart some 20% of the $LAPTOP cash for people who misplaced money on the president’s $TRUMP token.
Trump’s meme coin has been brutal for many buyers who piled in after its launch. It lately traded around $2.27 — practically 97% below its January 2025 report of $73.43.
Nearly 1 million retail merchants misplaced an estimated $3.8 billion on the token, according to a July 2026 report by Democratic employees on the Senate Permanent Subcommittee on Investigations, which cited blockchain analysis.
Photos and other materials from Hunter Biden’s former laptop turned a political sensation after The Post first reported on its contents in 2020. Obtained by NY Post
Other analyses have put losses among dropping merchants at $3.2 billion to $4.5 billion.
The losses got here even as Trump-linked entities stood to benefit from the token. CIC Digital, a Trump Organization affiliate, and Fight Fight Fight LLC together managed 80% of the unique 1 billion-token allocation, according to the coin’s official disclosures, while Trump-linked entities also obtain trading income.
The new Hunter Biden coin comes with an uncommon gimmick: As a lot as 30% of its provide might be completely destroyed if a collection of predetermined occasions come to go — probably making the remaining tokens scarcer.
Hunter Biden’s laptop contained personal photographs as properly as messages detailing his overseas business dealings. Daniel William McKnight
In crypto parlance, the observe is understood as “burning,” or completely taking cash out of circulation, thus decreasing the entire provide obtainable to buyers. In idea, making a token scarcer can help help its price if demand holds up — although there’s no guarantee it should.
Among the occasions that may set off a token burn are a Democrat successful the White House in 2028, bitcoin reaching a new report high and $LAPTOP eclipsing the totally diluted valuation of Trump’s meme coin.
If the desired outcomes don’t occur within allotted time frames, the corresponding cash will instead be donated to charity, according to the Journal.
The $LAPTOP project will give away some of its tokens to buyers who misplaced money on President Trump’s $TRUMP meme coin. scalle
Some of the meme coin is being set apart for Biden’s Substack subscribers and people on a mailing listing curated by his pal, video journalist Andrew Callaghan, according to the Journal.
The remaining 20% of the tokens are reportedly earmarked for charity and liquidity wants, including distributions to exchanges and market makers, as properly as a basis set up to cowl the project’s legal, accounting, administrative and compliance bills.
Biden has lately emerged as an outspoken crypto booster, calling decentralized digital currencies the “inevitable future” in posts on X.
His entry into meme cash nonetheless carries appreciable risk for consumers given the fact that such tokens have no intrinsic worth and steadily plunge after an initial burst of speculative trading.
The crypto enterprise comes six years after materials from Biden’s laptop burst into public view during the 2020 presidential marketing campaign.
The laptop turned a political sensation in 2020 when its contents — including messages about Biden’s overseas business dealings and photographs documenting his drug use — have been first reported by The Post.
Hunter Biden’s laptop turned a political flashpoint during his father Joe Biden’s 2020 presidential marketing campaign. AFP via Getty Images
The bombshell reporting landed less than three weeks before the presidential election — and was rapidly throttled by Big Tech.
Twitter blocked customers from sharing hyperlinks to The Post’s coverage and locked the newspaper out of its account for two weeks, while Facebook decreased distribution of the tales.
Days later, 51 former intelligence officers urged the laptop story bore the hallmarks of a Russian data operation — despite acknowledging that they had no evidence of Kremlin involvement.
Subsequent forensic examinations authenticated 1000’s of emails, and federal investigators later matched materials on the laptop with data obtained independently from Biden’s iCloud account.
The Post has sought remark from Hunter Biden and the White House.
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