$LAPTOP Token Implodes After Hunter Biden's Launch

On September 9, 2026, Hunter Biden launched a memecoin called $LAPTOP on the Base platform. The token was built around the laptop that made him a political punchline and was pitched as a corrective to the 'political token grift.'

Biden warned investors not to expect him to support the price, but the token's value skyrocketed within minutes of its launch, hitting an all-time high near $199. However, it quickly plummeted by 98% in just over an hour, with some data showing a low of $1.36.

The token's design was unusual for a celebrity launch, with 30% of the supply going to founders, including Biden, locked for six months and vesting over two years. Another 20% was allocated to airdrops, while 10% went to liquidity providers and 5% each to a foundation treasury and charity.

The $LAPTOP token's crash has raised questions about the viability of political memecoins, with some experts suggesting that it may be a sign that this type of asset is on its last legs. However, others point out that the prediction-burn mechanism built into the token could still have an impact over time, as 30% of supply is tied to real-world outcomes.