Hunter Biden, son of former U.S. President Joe Biden, is set to launch a meme coin named "$LAPTOP" this week, entering the cryptocurrency market.

BlockBeats News, September 7 - According to the Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a Meme coin themed around his "laptop" incident, with the token code "$LAPTOP," scheduled to go live on September 9 on Coinbase's Base network.

Sources familiar with the matter revealed that the total supply of $LAPTOP is 1 billion tokens, with the founding team, including Hunter Biden, holding 30%, which will be locked for 6 months and vested over two years; another 20% will be distributed in two batches to investors who previously purchased Trump Meme coin $TRUMP and incurred losses, as well as Hunter Biden's Substack subscribers.

Additionally, the project team plans to burn up to 30% of the tokens based on the outcomes of 30 preset events, including the Democratic Party winning the 2028 U.S. presidential election, Bitcoin reaching a new all-time high, and $LAPTOP's fully diluted valuation surpassing $TRUMP. If these events fail to meet their targets, the corresponding proportion of tokens will be donated to charitable organizations.

Hunter Biden has recently been vocal about cryptocurrencies, previously calling decentralized digital currencies an "inevitable future." This foray into the Meme coin market comes as investor enthusiasm for the Trump family's crypto ventures cools.