Crypto Exchanges
By Evie Vavasseur
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Why TRUMP Investors Are the Target. The TRUMP memecoin peaked in January 2025 with a market cap that briefly touched $15 billion.
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Kraken Pulls Content, Key Names Walk Away. Kraken ran some promotional material for LAPTOP and then pulled it after users pushed back hard.
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Fake Tokens Already Circulating. Unofficial LAPTOP tokens started appearing on various networks, including Base, back in June.
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Hunter Biden is launching a memecoin. It's called LAPTOP, it hits Coinbase's Base network on September 9, and people are already angry about it.
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Biden announced the date on September 7 with a short post on X. The Wall Street Journal put the total supply at one billion tokens.
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The TRUMP angle is pretty much the whole pitch.
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The token burn mechanic is worth noting too. The project says it will burn up to 30% of its supply if certain things happen: a Democratic victory in the 2028 elections, Bitcoin…
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Jordan Fish — known online as Cobie — stepped in to clarify something that was apparently causing confusion.
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See also: Frances $9.4 Billion in Potentially Taxable Crypto Activity: What It Really Means
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Jesse Pollak, Base's founder, confirmed he'd been in contact with the LAPTOP team. He was clear, though: Base didn't contribute to the design or the marketing.
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Andrew Callaghan's situation is maybe the most awkward. His name shows up on the airdrop list — Biden's team apparently planned to use a list Callaghan curated.
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The broader environment for political memecoins seems rougher now than it was in early 2025.
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More context: Uzbekistan Launches HUMO Stablecoin Pilot with 20 Merchants Under Regulatory Oversight
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The project is moving forward anyway. Distribution phases are set, the token structure is defined, and the launch date landed on September 9.
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Copies of the LAPTOP name had been spotted on Base since June.
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