HUNTER BIDEN TO LAUNCH solana:9fEX8cjAyYLxUEX6E7TqwPKHXbqs9ANFKtTAeibzFYD8 MEME COIN ON SEPTEMBER 9
The token will trade under the ticker solana:9fEX8cjAyYLxUEX6E7TqwPKHXbqs9ANFKtTAeibzFYD8 and launch on Base, the chain built by Coinbase $COIN, per WSJ.
Token structure, per people familiar with the matter:
- Founders including Biden hold 30% of the 1 billion tokens issued, locked for six months and fully vested in two years
- 20% goes in two batches to wallets belonging to people who lost money on solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN, to Biden's Substack subscribers, and to a mailing list curated by video journalist Andrew Callaghan
- 20% goes to charity, liquidity including exchange partners and market makers, and the foundation covering accounting, legal, and compliance costs
- Up to 30% would be destroyed if a series of 30 events reach predetermined outcomes in a set time frame, with a proportionate amount donated to charity if they do not
solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN launched in January 2025 and peaked near a $15B market capitalization before falling. It recently traded around $2, a market cap near $600M.