Hunter Biden Defends LAPTOP Ahead of Wednesday Launch, Calls TRUMP a ‘Grift’

3 hrs ago

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Summary

Hunter Biden defended his LAPTOP memecoin, launching Wednesday, as an effort to reclaim a scandal that fueled years of political attacks and online memes.
LAPTOP will allocate 20 percent of its supply to community airdrops, including wallets that lost money on Donald Trump’s TRUMP token, while 30 percent will be tied to predictions and another 30 percent will go to founders under lockup and vesting rules.
The project has faced criticism from crypto traders, prompting Kraken to delete a promotional post and officials at Base, the blockchain hosting the token, to emphasize that they did not help design or promote it.

Hunter Biden is defending his LAPTOP memecoin ahead of its Wednesday launch, casting it as a way to reclaim the scandal that followed him for years while calling Donald Trump’s TRUMP token a “grift.”

“I understand the cynicism,” Biden wrote in an X post in early Asian hours Wednesday. “Why something that has been so misused by grifters?”

He pointed to TRUMP, which has fallen sharply from its 2025 peak and left nearly one million wallets with a combined $3.8 billion in losses, according to figures cited by Biden. LAPTOP plans to distribute 20% of its supply through community airdrops, including to wallets that lost money holding TRUMP.

Another 30% of the token supply is tied to a set of political, crypto and cultural predictions. Tokens linked to outcomes that come true will be burned, while those tied to failed predictions will be sent to charity.

A separate 30% allocation goes to founders, including Biden, with those tokens subject to lockups and vesting, he said.

He told buyers not to expect him or anyone else involved to make LAPTOP more valuable: “You should not expect me or anyone else to make this token more valuable for you. LAPTOP isn’t just about owning something, it’s about saying something.”

The X post comes after a hostile reaction from crypto traders over Monday and Tuesday.

Kraken, one of the largest crypto exchanges, deleted a promotional post about LAPTOP after traders criticized it. Andrew Callaghan, the video journalist behind Channel 5, distanced himself from the project after his audience was included in a planned token distribution.

Executives at Base, the Coinbase-built blockchain where LAPTOP will launch, also stressed that the exchange had no partnership with the token. Base founder Jesse Pollak said the project had approached his team, but Base made a “conscious decision” not to help design or promote it.

Data said to have come from the device included emails about Biden’s overseas business dealings as well as deeply personal photos, messages and videos involving drug use and his private life. The laptop spawned years of political attacks and thousands of online memes.

Biden is now trying to turn that notoriety into the token itself.

“They turned laptop into a weapon. I turned it into a token.”