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Before the launch of Biden's son Meme coin LAPTOP, the crypto community raised doubts, concerned about risks such as celebrity coin hype, bot front-running, and counterfeit tokens.

BlockBeats News, September 8 - Hunter Biden, son of former U.S. President Joe Biden, confirmed that he will launch the Meme coin LAPTOP on the Base chain on September 9. He posted the token ticker and a 31-second Fox News clip on the X platform, which garnered over 1.7 million views. However, the crypto community's overall reaction leans toward mockery and skepticism.


Some users believe that Hunter Biden's move is contradictory, as he previously criticized Trump-related crypto projects but is now launching his own personal Meme coin. Traders have already suffered losses in numerous political and celebrity Meme coins, including TRUMP and MELANIA, both of which have seen their market caps drop by over 90% since launch. As a result, LAPTOP's plan to allocate 20% of its total supply for an airdrop to cover some TRUMP losses has not dispelled market concerns.


The launch timing has also become a point of contention. Some traders argue that revealing the LAPTOP ticker two days in advance gives automated trading bots and front-runners time to prepare, potentially putting ordinary users at a disadvantage. Within minutes of Hunter Biden's post, multiple copycat tokens with the same name appeared across various networks.


Other traders view this launch as part of Base's efforts to compete for Meme coin trading volume, questioning whether it is chasing market hype rather than selecting listings based on project quality. Kraken briefly posted and then deleted promotional content for the LAPTOP listing, which some community members welcomed; Pump.fun, meanwhile, continues to promote the token, advertising a 0.1% trading fee. Political and celebrity tokens typically attract initial buying interest, but whether they can sustain capital inflows over time often remains highly uncertain.

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