LAPTOP Airdrop Targets Trump Investors Amid Growing Political Crypto Market
Hunter Biden's new cryptocurrency project, LAPTOP, will launch on September 9th on Base, an Ethereum layer-2 network developed by Coinbase. The total supply of tokens is set at 1 billion, with allocations for founders, airdrops, liquidity, charities, and other uses.
The tokenomics of LAPTOP tie part of the supply to political and cryptocurrency market events. Up to 30% of the total supply could be burned if predetermined conditions are met, including Bitcoin reaching a new all-time high, LAPTOP surpassing TRUMP in fully diluted valuation, or Democrats winning the 2028 presidential election.
The project targets investors who lost money on Donald Trump's TRUMP memecoin. According to a report from The Wall Street Journal, up to 20% of tokens will be distributed through two airdrops, targeting selected recipients including traders who lost money on TRUMP, Hunter Biden's Substack subscribers, and other eligible participants.
The launch comes as TRUMP remains far below its January 2025 peak, with losses amounting to approximately $2.3 billion for over 1 million investors.