$LAPTOP: Hunter Biden's Meme Coin Takes Aim at Trump's Market Cap
Hunter Biden is launching his own meme coin called $LAPTOP this week. The token gets its name from Hunter's personal computer, which was at the center of a controversy during the last US presidential election.
The launch comes after Hunter Biden made supportive comments on cryptocurrency in June, saying that decentralized digital currency and blockchain are an unavoidable future.
$LAPTOP will have a total supply of 1 billion units and will begin trading on Base, the blockchain network of the largest US cryptocurrency exchange. Hunter Biden and co-founders will hold 30% of the total supply.
The token's launch is seen as a move against President Donald Trump, who issued his own meme coin last year. $LAPTOP's value may be tied to conditions such as surpassing the market capitalization of Trump's $TRUMP and bitcoin hitting an all-time high.