AUTO-UPDATED

Hunter Biden launches $LAPTOP memecoin, trolls Trump by promising that 20% will be reserved for traders who lost money on president’s token

Hunter Biden is set to launch a new memecoin titled $LAPTOP on the Base network this September, aiming to reclaim the narrative surrounding his controversial 2020 laptop scandal.

Key Points

  • The $LAPTOP token is scheduled to launch on September 9 with a total supply of 1 billion coins.
  • Founders will retain 30% of the supply, which is subject to a six-month lock-up period.
  • A 20% allocation is reserved for subscribers and individuals who lost money on the TRUMP memecoin.
  • The project is built on Base, a blockchain network developed by the cryptocurrency exchange Coinbase.
  • Public reception on social media has been largely critical, leading some exchanges to retract promotional posts.

Why it Matters

The launch highlights the growing trend of high-profile figures leveraging political controversy to drive speculative activity in the volatile memecoin market. This development raises significant questions regarding the risks of celebrity-backed digital assets and the potential for market manipulation in the cryptocurrency sector.
Yahoo Entertainment Published by Camila Grigera Naón
Read original