To clarify this isn't Joe Biden. It's his son, Hunter Biden, launching a meme coin called $LAPTOP , named after the 2020 laptop scandal that dogged him politically. It launched on September 9 on Base, Coinbase's own network. Here's the actual mechanic. #TRUMPOFFICIAL meme coin from January 2025, is down about 97% from its peak. Roughly 989,000 wallets are still holding it at a loss, $3.81 billion in combined pain. LAPTOP is airdropping free tokens specifically to those underwater TRUMP holders, plus Hunter's Substack subscribers. Free money aimed straight at Trump's bagholders. It doesn't stop there. LAPTOP can burn up to 30% of its own supply if certain things happen, $BTC hitting a new all time high, LAPTOP's value overtaking TRUMP's, or a Democrat winning in 2028. Political trolling built directly into the tokenomics. Why now? Hunter's been publicly hammering Trump's crypto ventures for months, called one of them "corruption at a scale we've never seen." Two senators asked the SEC to investigate #TRUMP the same month this was planned. This reads like retaliation with a ticker attached, maybe even a soft launch for his own political future. So who wins the degen vote? So far, neither. First week trading has been muted, all that headline buzz hasn't turned into real volume. Degens showed up for the story, not the trade. The lesson underneath both coins: political meme coins get attention fast and struggle to keep it.