Author: Gemini, Deep Tide TechFlow

Yesterday, we were still analyzing Hunter Biden's issuance of $LAPTOP on the Base chain as a form of "on-chain political revenge" against the Trump camp.

A targeted airdrop for losing $TRUMP holders indeed seems morbidly amusing and brings the game between the two major parties in the U.S. to a highly shareable meme narrative.

Reference reading: “Breaking Down Former President’s Son Hunter Biden’s Token $LAPTOP: An 'On-Chain Political Revenge' Against Trump and Liquidity Harvesting.”

However, the absurd effort by this former president's eldest son to issue a token, solely to engage in a political performance art on-chain without any economic incentive, clearly doesn’t align with the considerations and style of conduct expected from "upper-class individuals."

Stepping back from the crypto token, you may not know that this former president's son is currently under intense pressure from creditors in the real world.

Thus, this seemingly absurd token mechanism easily suggests that he might be trying to raise money for self-rescue.

Breaking Through the Financial Black Hole: $20 Million Debt Pressing Down

While crypto players are reveling in the airdrop mechanism of $LAPTOP, a very important news screenshot circulates among sharp foreign exchange traders.

In a five-hour in-depth interview aired at the end of 2025 on the Shawn Ryan Show, Hunter Biden admitted on camera that he is trapped in an enormous debt of about $14 million to $15 million, and he confessed, “I have no idea how to repay it.”

He even helplessly stated that there is no hidden massive wealth buried beneath his house, “Nobody will ride in on a white horse to save me.”

This is certainly not an attempt to elicit sympathy.

According to previous exclusive tracking by the New York Post, due to enduring criminal, civil, and congressional investigations, he owes between $15 million to $17 million in exorbitant legal fees to a high-end Washington law firm, Winston & Strawn, and has already been formally sued.

In court filings, his attorney directly defended him on the grounds of being "impecunious," claiming that the client cannot even afford to hire a professional accountant to check the bills.

Adding to this, the $5 million that "sweetheart brother" Hollywood lawyer Kevin Morris has advanced for his taxes, and a $1 million tail payment demanded by a former art broker, have pushed his real-world debt exposure past $20 million.

After Losing the Halo of Being the President’s Son, Traditional Monetization Channels Blocked

Why would a celebrity be forced to issue a meme coin?

Because many outsiders do not understand that, with Joe Biden stepping down and the pardon curtain closing, Hunter's ability to generate revenue in the traditional world has completely collapsed.

When Joe Biden was at the center of power, Hunter was packaged as a successful "emerging artist" by the gallery.

According to court documents disclosed by The Guardian, during the peak period from 2021 to the end of 2023, he successfully sold 27 paintings, with an average price of $54,000, generating approximately $1.5 million in total revenue.

But who are the biggest buyers? It is none other than the Hollywood lawyer Kevin Morris, who is now pursuing him for debts (he bought 11 pieces, spending a staggering $875,000), along with several Democratic funders.

(Image: Hunter’s personal artwork website, who would have thought, he’s also an abstract painter)

And the court documents ruthlessly reveal his financial situation.

Since December 2023, his artwork sales have completely stagnated, selling only one painting for $36,000. His hopes for "paid speeches and appearance fees" have all evaporated, and the sales of his memoir have plummeted sharply.

In the report, a senior gallery director from New York, Eli Klein, directly burst this bubble:

“His artistic value is entirely based on the fame of being the ‘son of the current president,’ not on artistic achievement.” Now, with his father leaving the White House, the former gallery owner has cut all ties with him.

In the true secondary market, no one is willing to pay $100,000 for Hunter Biden's artwork. The “artwork channel” that political and business brokers once used to transfer benefits has been ruthlessly closed off.

From “Hell Notebook” to Gig Work for Survival, The Squeezed Political Surplus Value

The meme Hunter is going to issue is called $LAPTOP, with a background and joke stemming from the infamous “laptop scandal” before the 2020 election:

A computer left behind at a repair shop in Delaware, containing not only a large number of embarrassing personal images related to drug use but also sensitive business emails about making $80,000 a month from Ukrainian energy company Burisma.

This laptop has been a lethal weapon used by political opponents to attack the Biden family for the past six years and is the source of Hunter's notorious reputation.

Ironically, according to foreign media reports, when facing a lawsuit concerning his abandoned laptop hard drive in March this year, he even voluntarily applied to withdraw the case, giving a remarkably straightforward reason:

“Due to a significant decrease in income, I can no longer afford to continue paying legal fees.”

After losing mainstream commercial monetization paths, this former first son was even reported to be participating in a touring carnival called "Channel Five," hosting gigs under the self-mocking and humiliating title of “Laptop CEO.”

And now, as mainstream commercial monetization paths have all collapsed, this former first son has even been reduced to participating in various overseas variety shows and events.

In these events, he even takes on the role of host with the self-mocking and humiliating title of “Laptop CEO,” making a living by exploiting his own scandals.

(Image: Promotional poster for overseas touring show, calling him the Laptop CEO)

$LAPTOP 30% Internal Chips, Urgent Debt Relief?

When the doors of the traditional credit system, high-end art market, and corporate consulting are all welded shut to him, issuing a meme coin may have become the only liquidity lifeline this former president’s son, burdened with $20 million of debt, can grasp.

According to the exclusive tokenomics model disclosed by The Wall Street Journal, this issuance of $LAPTOP demonstrates an extremely strong “liquidity extraction” demand.

With a total supply of 1 billion tokens, the founding team, which includes Hunter Biden and his interest-bound parties, has directly cut off as much as 30% of internal chips.

Some overseas crypto analysts calculated that as long as after the market opens on September 9, leveraging the extreme gimmick of “the former president’s son issuing a coin” and “targeted mockery of Trump,” the fully diluted valuation (FDV) of the token could push up to about $70 million, this 30% internal chip’s book value could reach approximately $21 million.

This money perfectly covers his $20 million debt black hole being pursued in real courts, including legal fees and loans.

Turning the “laptop scandal” that nearly ruined his political family into token code, and even making a high-profile announcement to give airdrops to retail investors losing money on $TRUMP, undoubtedly serves as highly provocative marketing for the initial launch.

However, peeling back this ideological method to resist political opponents, combined with the above, its underlying motivation may still be to raise money.

The worst case scenario is clearly that using a highly controversial political meme to create a liquidity frenzy, thereby cleverly shifting a purely personal debt crisis onto retail investors on-chain.

Let’s hope the last time the Trump organization issued trump coins crashing the whole market does not repeat itself this time.