Jump to contentAllNewsSportCultureLifestyleHunter Biden, son of U.S. President Joe Biden, departs from a Medal of Honor ceremony in the East Room of the White House (Getty Images)Hunter Biden announced the launch of a new meme coin named $LAPTOP, satirizing his 2020 laptop scandal and President Donald Trump's cryptocurrency ventures. The $LAPTOP coin will debut on Coinbase's blockchain network Base on Wednesday, coinciding with President Trump's midterms convention in Dallas, Texas. The total supply will be one billion coins over two years, with 20 percent reserved for individuals who lost money on President Trump's $TRUMP coin, as well as select newsletter subscribers. Thirty percent of the token supply will be burned if specific conditions are met, such as a Democrat winning the 2028 presidential election or Bitcoin reaching a new record high. The move comes as President Trump's $TRUMP token has crashed nearly 97% from its peak, causing significant financial losses for retail traders. In fullHunter Biden launching crypto meme coin poking fun at infamous scandalMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Hunter Biden, the son of former President Joe Biden, is set to launch LAPTOP, a meme coin inspired by the laptop in the 2020 controversy.

LAPTOP debuts Wednesday on Base, with nearly a third of the supply set to be burned if a slate of political and market outcomes — including a Democratic win in 2028 — comes good.