$LAPTOP Meme Coin Launches Amid Criticism Over Allocation and Risks
Hunter Biden, son of former US President Joe Biden, has announced the launch of a meme coin called $LAPTOP. The token is set to be released on September 9th on the Base platform, a second-layer Ethereum network created by Coinbase.
The meme coin uses as its branding one of the most contentious episodes in Hunter's public life: a laptop left at an electronics repair shop in Delaware in 2019 and later seized by the FBI. The computer contained emails, documents, financial records, and personal images of Hunter, making it a key topic explored by Donald Trump's allies before the 2020 presidential election.
Hunter has already faced criticism over the token from traders, with some expressing concerns about the 30% allocation to founders and potential risks associated with another meme coin tied to a public figure.