- Hunter Biden announced the launch of a new meme coin named $LAPTOP, satirizing his 2020 laptop scandal and President Donald Trump's cryptocurrency ventures.
- The $LAPTOP coin will debut on Coinbase's blockchain network Base on Wednesday, coinciding with President Trump's midterms convention in Dallas, Texas.
- The total supply will be one billion coins over two years, with 20 percent reserved for individuals who lost money on President Trump's $TRUMP coin, as well as select newsletter subscribers.
- Thirty percent of the token supply will be burned if specific conditions are met, such as a Democrat winning the 2028 presidential election or Bitcoin reaching a new record high.
- The move comes as President Trump's $TRUMP token has crashed nearly 97% from its peak, causing significant financial losses for retail traders.
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