Hunter Biden Defends LAPTOP Memecoin, Calls Trump’s Token a ‘Grift’

Hunter Biden pushed back against criticism of his upcoming LAPTOP memecoin ahead of its Wednesday launch, describing it as an attempt to take ownership of a scandal that has followed him for years. In an X post, Biden acknowledged skepticism about the project while pointing to Donald Trump’s TRUMP token, which he said has left nearly a million wallets holding a combined $3.8 billion in losses since its 2025 peak.

Token Structure Ties Into Political Predictions

Biden said 20% of LAPTOP’s supply will go toward community airdrops, including distributions to wallets that lost money on TRUMP. Another 30% is linked to a series of political, crypto and cultural predictions, with tokens tied to accurate predictions burned and those tied to failed ones donated to charity. A separate 30% allocation goes to founders, including Biden himself, subject to lockup and vesting terms.

Backlash Continues From Crypto Community

The defense follows sharp criticism from traders over the past two days. Kraken removed a promotional post about the token, while video journalist Andrew Callaghan distanced himself after his audience was included in the distribution plan. Executives at Base, the blockchain hosting the launch, clarified there is no formal partnership with the project, though the team had reached out ahead of time. Biden maintained that buyers shouldn’t expect the token’s value to be actively supported, framing the project instead as a statement rather than an investment.