Hunter Biden to launch crypto meme coin

Hunter Biden launched a meme coin called LAPTOP, a name referencing the 2020 laptop controversy, and teased the launch with a video compiling news clips. The coin's tokenomics include founders retaining 30% of supply vested over two years, with 20% funding an airdrop in two rounds aimed at wallets that lost money on Trump's TRUMP token, and a burn mechanism tied to 30 preset events that could destroy up to 30% of supply, with unmet-condition tokens donated to charity. Reaction from parts of the crypto community was negative, with some pointing to Hunter Biden's felony gun conviction in 2024, guilty plea to nine tax charges the same year, a pardon from his father Joe Biden weeks later, and testimony that he owes about $17 million to his former law firm Winston & Strawn.