Hunter Biden's "notebook" Meme coin encountered strong opposition ahead of its first transaction

Hunter Biden plans to issue LAPTOP tokens on the Base chain, but has been alienated by many parties.

Hunter Biden, son of former U.S. President Joe Biden, plans to launch a memecoin called "LAPTOP" on the Base blockchain network on Wednesday. The project specifically targets investors who have suffered losses in their investment in Donald Trump's TRUMP memecoin. However, even if the transaction has not yet begun, the project has faced strong criticism, and many of the people mentioned have distanced themselves from the plan.

Core Points

The token is scheduled to be launched on the Base network on September 9, with 30% of the supply reserved for the founding team and 20% allocated for airdrops. Cryptocurrency exchange Kraken removed the promotional posts, while Coinbase denied having any partnership with the project. In addition, journalist Andrew Callaghan, who was also mentioned by the project party, said he had no connection with the memecoin.

Airdrop strategy designed to attract loss-making investors in TRUMP

Hunter Biden posted a brief message on social media X on September 7:"$LAPTOP, September 9", confirming the launch time of the project. According to information disclosed by the Wall Street Journal, the project will be deployed on Coinbase's Base network, with a total supply of 1 billion tokens. The founding team, including Hunter Biden, will hold 30% of the tokens, which will be locked for six months and then gradually unlocked over more than two years.

The 20% tokens reserved for airdrops will be issued in two waves. The first wave will target traders who have lost money on TRUMP memin trading; the second wave will target Biden's Substack subscribers and people on journalist Andrew Callaghan's list, which was reported by CoinDesk.

This target audience choice is no accident. As of September 8, the price of the TRUMP token was approximately US$2.25, down nearly 97% from its all-time high in January 2025, when its market value briefly approached US$15 billion.

The LAPTOP project also plans to destroy up to 30% of supply in certain circumstances, such as when the Democrats win the election in 2028, Bitcoin hits a record high, or its valuation exceeds TRUMP. If the above conditions are not met, the relevant tokens will be reallocated to charity.

Kraken, Base and Channel 5 media have distanced themselves from each other

Before the project was officially launched, a reputation crisis broke out. Kraken withdrew his post introducing the project after encountering a lot of negative feedback. Some users criticized the platform for promoting new political memein. However, this does not mean that Kraken has ruled out the possibility of launching the token in the future.

Jordan Fish, who is known by the pseudonym Cobie, is in charge of Base application operations. He reiterated that project parties can issue tokens within the network without Coinbase approval, and made it clear that there is no partnership with LAPTOP. Base founder Jesse Pollak also said that the memin team had contacted the network before going online, but Base chose not to participate in its design or promotion work.

Andrew Callaghan also denied to the Wall Street Journal any connection with LAPTON. The media organization he runs, Channel 5, is not involved in the project and does not believe that cryptocurrencies are a legitimate investment channel.

Political memein market trends shift

This is in sharp contrast to the scene when TRUMP memein was listed in January 2025. At that time, despite the controversy, it failed to stop investors from flocking in. Today, after nearly two years of development, major platforms are more cautious about linking their images to such projects.

The reaction on the X platform will not determine the ultimate success or failure of LAPTOP. The token still faces a real test: its market performance. Currently, replicas named LAPTOP have appeared on multiple networks, including those that have existed on Base since June. Without an official contract address, any LAPTOP tokens traded before the official launch date announced on September 9 should be considered high-risk and must be treated with extreme caution.

The initial transaction volume, allocation of airdrops and subsequent attitudes of major platforms will help measure the true response of the project. One thing is clear: After the craze around political memes two years ago, the current market environment is no longer so favorable.