Pump Fun and Kraken Delete Hunter Biden LAPTOP Memecoin Promos Before Sept. 9 Launch

Pump Fun and Kraken Walk Back LAPTOP Promos

Pump Fun and Kraken have scrubbed their promotion of Hunter Biden's upcoming memecoin after an unusually fierce backlash from inside the crypto community. Both platforms posted on Monday about “LAPTOP,” the laptop-themed token scheduled to go live on Wednesday, September 9, and each trumpeted that the asset would be tradable on its platform. Those posts were gone within a day. The pushback was immediate and loud: streamer Threadguy called the pre-announced token a “scam” engineered to dump on traders chasing FOMO plays, arguing that universal awareness before launch “completely ruins any chance of success, malicious or not.” The show Market Bubble, hosted by Zion Thomas and Faze Banks, cancelled its scheduled Thursday interview with Biden outright. Base creator Jesse Pollak said Biden's team approached the network, but the project chose to stay “hands off” given the politics, while investor Cobie worked to dispel rumors that Base itself was issuing the token. Video outlet Channel 5, whose mailing list was tapped for the airdrop, denied any involvement, said it will never advertise crypto, and stated it pulled its subscriber list back before a single email was sent.

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1 Billion Tokens and a Political Burn Mechanism

The tokenomics behind the launch are unusually elaborate for a celebrity coin. One billion LAPTOP tokens will be issued on Base, the layer-2 network Coinbase built on Ethereum for cheaper, faster settlement. Per the token's own documentation, 30% goes to the founding team — Biden included — locked for six months and vesting fully over two years. Another 20% funds airdrops in two batches: one tranche is reserved for wallets that lost money on TRUMP, President Donald Trump's memecoin, which peaked near a $15 billion market capitalization before sliding to roughly $600 million by early September 2026. Remaining airdrop wallets belong to Biden's Substack subscribers and a list curated by journalist Andrew Callaghan. A further 30% is tied to 30 preset burn events — among them a Democrat winning the 2028 presidential election, Bitcoin printing a new all-time high, or LAPTOP's fully diluted valuation overtaking TRUMP's — with unresolved events redirecting those tokens to charity. The final 20% covers liquidity, charity and foundation costs, and the official terms name British Virgin Islands entity Phoenix Veritas Ventures Ltd. as the technical issuer.

14 Copycat Tokens and a Scam Warning

Imitators moved faster than the real token. Around the time the launch plans became public, at least 14 unrelated tokens using the LAPTOP name or ticker appeared across Robinhood Chain, Solana, TON and BNB Chain, and the 23 associated liquidity pools logged roughly $6.9 million in combined trading — none of it connected to the actual project. The official site publishes its Base contract address, while its buy and airdrop-claim functions remained marked “coming soon” as of September 8, and the FAQ stresses the team never initiates contact by DM, email or SMS and never requests seed phrases. The man attached to the coin brings heavy legal baggage: a Delaware jury found Hunter Biden guilty of three felony firearm offenses in June 2024, according to the Justice Department record, and he pleaded guilty to nine federal tax charges that September before his father pardoned him in December 2024. He has said he faces $17 million in legal debt, and an April 2026 court filing stated he lives abroad. In a 2026 interview he framed the venture plainly: interest in the technology, and a desire “to make some money.” Readers tracking the market in real time can follow live spot and futures prices on Bybit.

March 2027 Unlock Sets the First Hard Test

Read together, the platform retractions, the copycat flood and the token design describe a launch built almost entirely on attention rather than utility. Celebrity tokens have repeatedly drawn a first wave of buyers and then collapsed once insider supply moves — the Hawk Tuah token reached a $491 million valuation before shedding more than 90% of it — and traders chasing the opening print should expect thin liquidity and heavy slippage. The load-bearing primary document here is the project's own Terms of Service, updated September 3: it classifies LAPTOP as an entertainment memecoin, grants no ownership, dividend, profit-sharing or governance rights, and states outright that the token's value may be partially or wholly lost. The six-month founder lock expiring in March 2027 is the first date that will test the structure.