TL;DR
- Pump.fun and Kraken removed promotional posts for Hunter Biden’s $LAPTOP memecoin after strong trader backlash.
- The token is scheduled to launch on Base on September 9 with a supply of 1 billion coins.
- Founders receive 30% of the supply, while 20% is allocated to planned airdrops, including wallets affected by losses on Donald Trump’s $TRUMP token.
Hunter Biden’s upcoming $LAPTOP memecoin has become a flashpoint for debate over political tokens after Pump.fun and Kraken removed promotional material connected to the project.
Both platforms had promoted the token on Monday, highlighting its planned availability ahead of the September 9 launch on Base. The promotional push quickly attracted criticism from traders, forcing the companies to reassess how prominently they associated themselves with the project.
The token is built around the controversy surrounding Hunter Biden’s laptop, which became a major political story during the 2020 US presidential election. Biden confirmed the $LAPTOP ticker on X alongside a montage of media coverage related to the device.
According to reports, $LAPTOP has a fixed supply of 1 billion tokens. Founders, including Biden, are allocated 30% of the supply, with those holdings subject to a six-month lockup and a longer release schedule. Another 20% is designated for airdrops, including allocations for wallets that lost money trading $TRUMP and subscribers connected to Biden’s media activity.
I'm all for boycotting yet another celebrity meme coin
But I find it hilarious that all the people that insider traded all the other ones are speaking up loudest
Can't have it both ways my dudes otherwise it just looks like you're angry you're not getting paid this time
— DonAlt (@DonAlt) September 8, 2026
LAPTOP Faces Heavy Trading Pressure Before Launch
The reaction highlights one of the defining characteristics of crypto markets. Permissionless networks allow projects to launch quickly, but that same openness exposes new tokens to immediate market scrutiny.
Several prominent crypto traders criticized $LAPTOP before its official debut, arguing that advance publicity can encourage speculative positioning and make it harder for a new memecoin to develop organically. Kraken subsequently removed its promotional post, although the exchange has not publicly confirmed that it abandoned any potential trading plans.
Pump.fun has also faced questions because its platform allows users to create and trade tokens without traditional gatekeeping. While reports indicate its promotional material was removed, the platform’s broader role illustrates how quickly political and cultural themes can move from social media into liquid crypto markets.
Base itself has also been separated from the project’s promotion. Jesse Pollak has said that Base did not collaborate on the token’s design or amplification, emphasizing the permissionless nature of the network.
The token’s structure also includes a distinctive mechanism involving up to 30% of supply. Those tokens can be burned depending on specified political and market outcomes, while other allocations cover liquidity, charity and project-related expenses.
