Hunter Biden’s new meme coin, $LAPTOP, is launching on Base with a total supply of 1 billion tokens. But the most interesting part of the project isn’t simply who is behind it — it’s the unusual mechanism designed to permanently burn tokens when certain events occur.
Around 30% of the supply is locked for the founders for six months, while another 20% is planned for airdrops, including wallets that lost money on $TRUMP.
The real twist is the project’s 30 preset burn triggers.
One of those triggers is Bitcoin reaching a new all-time high. At first, that sounds like a major event. But over a two-year period, a new Bitcoin ATH may not be particularly difficult to imagine. If Bitcoin continues its long-term growth, the trigger could eventually be activated almost naturally.
That raises an interesting question: Is the burn mechanism actually creating scarcity, or is it simply turning predictable market events into