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🗣️The President of the#CentralAfricanRepublic 🇨🇫 announces the launch of the #carmemecoin and says:
"This is an experiment to see if #memes can bring #people🔥🔥 together and contribute to the #development of the Central African Republic."
🗣️The President of the#CentralAfricanRepublic 🇨🇫 announces the launch of the #carmemecoin and says:
"This is an experiment to see if #memes can bring #people🔥🔥 together and contribute to the #development of the Central African Republic."
💥🚨🔥𝐂𝐀𝐑 𝐌𝐞𝐦𝐞 𝐂𝐨𝐢𝐧 𝐂𝐫𝐚𝐬𝐡𝐞𝐬 𝐀𝐦𝐢𝐝𝐬𝐭 𝐅𝐫𝐚𝐮𝐝 𝐀𝐥𝐥𝐞𝐠𝐚𝐭𝐢𝐨𝐧𝐬🌟🚀
The much-anticipated CAR meme coin has suffered a dramatic collapse, plummeting 70% shortly after launch. Despite initial excitement, concerns over unclear tokenomics and the absence of an official website triggered fears of a potential rug pull. The project, which gained rapid traction due to its association with President Touadéra, is now under intense scrutiny.
One trader managed to turn a $5,000 investment into a staggering $12 million within seconds, adding fuel to the controversy. Efforts to verify the coin’s legitimacy were made by Jupiter DEX’s founder, but uncertainty still lingers regarding its origins and total supply. Investors are questioning whether the project was a carefully orchestrated scheme or simply a poorly managed launch.
With transparency lacking and skepticism growing, the chances of a recovery appear slim. Bearish sentiment continues to dominate, making it unlikely for CAR meme coin to regain investor confidence. Unless the team behind the project steps forward with clear information, the market may write this off as another failed crypto experiment.
#carmemecoin #BNBChainMeme #1000CHEEMS&TSTOnBinance #BTCvsInflation
The much-anticipated CAR meme coin has suffered a dramatic collapse, plummeting 70% shortly after launch. Despite initial excitement, concerns over unclear tokenomics and the absence of an official website triggered fears of a potential rug pull. The project, which gained rapid traction due to its association with President Touadéra, is now under intense scrutiny.
One trader managed to turn a $5,000 investment into a staggering $12 million within seconds, adding fuel to the controversy. Efforts to verify the coin’s legitimacy were made by Jupiter DEX’s founder, but uncertainty still lingers regarding its origins and total supply. Investors are questioning whether the project was a carefully orchestrated scheme or simply a poorly managed launch.
With transparency lacking and skepticism growing, the chances of a recovery appear slim. Bearish sentiment continues to dominate, making it unlikely for CAR meme coin to regain investor confidence. Unless the team behind the project steps forward with clear information, the market may write this off as another failed crypto experiment.
#carmemecoin #BNBChainMeme #1000CHEEMS&TSTOnBinance #BTCvsInflation
CAR Memecoin: Early Investors See 180,000% Gains, but Is It Still a Good Buy?
The Central African Republic (CAR), a country once in the spotlight for trying to make Bitcoin (BTC) legal tender, has now taken a surprising turn in the crypto world. It has launched a Solana-based memecoin called Central African Republic Meme (CAR) – and the response has been nothing short of explosive.
The token’s market cap surged to nearly $1 billion, with a 24-hour trading volume of over $703 million – an impressive rise in a short time.
How did all of this happen? Let’s dive in to the story.
CAR Memecoin’s Explosive Growth
According to the on-chain data analysis provided by Geckotaminal, the CAR memecoin, with a pooled SOL liquidity of over 7,531 coins, had more than 35k on-chain holders. Earlier investors of the CAR memecoin registered more than 180k percent gains.
CAR’s Crypto Journey
In April 2022, CAR made headlines when it became the second country after El Salvador to adopt Bitcoin as legal tender. However, the move faced serious challenges due to political instability, economic struggles, and poor infrastructure.
The country later tried to launch Sango Coin, a government-backed cryptocurrency. However, the project failed after pushback from the Bank of Central African States (BEAC) and the International Monetary Fund (IMF), both of which opposed CAR’s crypto ambitions.
Crypto Scam Concerns
After the CAR memecoin’s success, an unexpected event occurred. The official X (formerly Twitter) account of Felix Tshisekedi, the President of the Democratic Republic of Congo (DRC), appeared to promote a new memecoin launch.
However, confusion arose when more than five different Solana contracts were deployed under his name, leading to losses for early investors.
Similar incidents have happened before, where celebrity X accounts were hacked to promote crypto scams. Many believe that Tshisekedi’s account was deliberately compromised to push a fraudulent memecoin.
#BNBChainMeme #carmemecoin #USJoblessClaimsRise #BitcoinWhaleMove #write2earn🌐💹
The token’s market cap surged to nearly $1 billion, with a 24-hour trading volume of over $703 million – an impressive rise in a short time.
How did all of this happen? Let’s dive in to the story.
CAR Memecoin’s Explosive Growth
According to the on-chain data analysis provided by Geckotaminal, the CAR memecoin, with a pooled SOL liquidity of over 7,531 coins, had more than 35k on-chain holders. Earlier investors of the CAR memecoin registered more than 180k percent gains.
CAR’s Crypto Journey
In April 2022, CAR made headlines when it became the second country after El Salvador to adopt Bitcoin as legal tender. However, the move faced serious challenges due to political instability, economic struggles, and poor infrastructure.
The country later tried to launch Sango Coin, a government-backed cryptocurrency. However, the project failed after pushback from the Bank of Central African States (BEAC) and the International Monetary Fund (IMF), both of which opposed CAR’s crypto ambitions.
Crypto Scam Concerns
After the CAR memecoin’s success, an unexpected event occurred. The official X (formerly Twitter) account of Felix Tshisekedi, the President of the Democratic Republic of Congo (DRC), appeared to promote a new memecoin launch.
However, confusion arose when more than five different Solana contracts were deployed under his name, leading to losses for early investors.
Similar incidents have happened before, where celebrity X accounts were hacked to promote crypto scams. Many believe that Tshisekedi’s account was deliberately compromised to push a fraudulent memecoin.
#BNBChainMeme #carmemecoin #USJoblessClaimsRise #BitcoinWhaleMove #write2earn🌐💹
Car Meme Coin Crashes After Surge—What’s Next for Traders?
Central African Republic Meme Coin Soars, Then Dives- What’s Next
$CAR Memecoin Launch: Central African Republic’s Bold Crypto Experiment
In an unexpected yet thrilling development, the Central African Republic (CAR) President, Faustin-Archange Touadéra, has launched a new Solana-based memecoin, aptly named $CAR. Announced on February 9 via the President's official X (formerly Twitter) account, the digital asset was described as an "experiment" aimed at positioning the country on the global financial stage.
Following in the footsteps of former U.S. President Donald Trump, who introduced his own memecoin, $TRUMP, the CAR token experienced a meteoric rise. Within mere hours of its launch on Pump.fun, a Solana-based meme coin launchpad, its market capitalization skyrocketed to an astonishing $900 million. This massive surge caught the attention of major cryptocurrency exchanges, leading to immediate listings.
Could $CAR Transform CAR’s Economy—or Is It a Gimmick?
The Central African Republic, with a GDP of just $2.6 billion, now finds itself at the center of the crypto storm. A significant 35% of the total $CAR supply has been locked for "Country Development", signaling a potential shift in economic strategy. While traditional financial aid from organizations like the U.S. and U.N. has struggled to drive development, the introduction of $CAR suggests that crypto might provide an alternative economic boost.
However, despite the initial hype, the actual market cap of $CAR has settled at $310 million, a stark contrast to its peak. This raises questions about the long-term viability and the sustainability of meme coins tied to political figures.
Traders Cash In: A Wild Crypto Ride
In true crypto fashion, early adopters of $CAR have seen life-changing gains. According to the on-chain data platform Lookonchain, one trader spent just 25 SOL (approximately $5,000) to purchase 46.57 million $CAR tokens within seconds of launch. Within three hours, that investment ballooned to $12 million, an eye-watering 2,450x return.
Another seasoned trader, known as "4v7nG," swapped $1.52 million worth of $TRUMP tokens for 2.495 million $CAR tokens, demonstrating a keen eye for emerging trends. This trader has previously realized massive profits, including:
$5.72M profit from $TRUMP (+206%) while still holding $3.28M worth.
$2.96M from $PNUT (+477%).
$1.23M from $GOAT (+132%).
This highlights the high-risk, high-reward nature of meme coin trading, where fortunes can be made—or lost—in mere hours.
Signs of a Pump-and-Dump? What Traders Need to Know
Despite the initial surge, $CAR has exhibited classic pump-and-dump behavior. The token reached a peak price of $0.90 before undergoing a sharp correction, now stabilizing around $0.30. This volatility is not uncommon in meme-coins but raises concerns about sustainability and potential manipulation.
Adding to the skepticism, recent crypto scams have seen hackers hijacking high-profile X accounts—including that of former Malaysian Prime Minister Mahathir Mohamad—to promote fraudulent tokens. Given the rapid rise and subsequent decline of $CAR, some are questioning whether this project is a legitimate government-backed initiative or another orchestrated deception.
What’s Next for $CAR?
Looking at technical indicators, the $CAR/SOL chart follows a parabolic rise followed by a sharp correction—a pattern frequently seen in speculative assets. If $0.30 holds as a support level, we might see a bullish breakout, potentially pushing the price back to the $0.50 - $0.60 range. However, if sell pressure persists and $0.30 is breached, the next support level could be around $0.20 or lower.
Final Thoughts: A New Era or a Cautionary Tale?
The launch of $CAR marks a new chapter in political crypto adoption, showcasing how digital assets can intertwine with governance and economic strategy. While some see it as a revolutionary financial experiment, others caution against the risks of political meme coin, given the market’s history of rug pulls and manipulation.
#carmemecoin #centralafricanrepublicmemecoin #centralafricanrepubliccarmemecoin
To Know more, Visit:- CoinGabbar
$CAR Memecoin Launch: Central African Republic’s Bold Crypto Experiment
In an unexpected yet thrilling development, the Central African Republic (CAR) President, Faustin-Archange Touadéra, has launched a new Solana-based memecoin, aptly named $CAR. Announced on February 9 via the President's official X (formerly Twitter) account, the digital asset was described as an "experiment" aimed at positioning the country on the global financial stage.
Following in the footsteps of former U.S. President Donald Trump, who introduced his own memecoin, $TRUMP, the CAR token experienced a meteoric rise. Within mere hours of its launch on Pump.fun, a Solana-based meme coin launchpad, its market capitalization skyrocketed to an astonishing $900 million. This massive surge caught the attention of major cryptocurrency exchanges, leading to immediate listings.
Could $CAR Transform CAR’s Economy—or Is It a Gimmick?
The Central African Republic, with a GDP of just $2.6 billion, now finds itself at the center of the crypto storm. A significant 35% of the total $CAR supply has been locked for "Country Development", signaling a potential shift in economic strategy. While traditional financial aid from organizations like the U.S. and U.N. has struggled to drive development, the introduction of $CAR suggests that crypto might provide an alternative economic boost.
However, despite the initial hype, the actual market cap of $CAR has settled at $310 million, a stark contrast to its peak. This raises questions about the long-term viability and the sustainability of meme coins tied to political figures.
Traders Cash In: A Wild Crypto Ride
In true crypto fashion, early adopters of $CAR have seen life-changing gains. According to the on-chain data platform Lookonchain, one trader spent just 25 SOL (approximately $5,000) to purchase 46.57 million $CAR tokens within seconds of launch. Within three hours, that investment ballooned to $12 million, an eye-watering 2,450x return.
Another seasoned trader, known as "4v7nG," swapped $1.52 million worth of $TRUMP tokens for 2.495 million $CAR tokens, demonstrating a keen eye for emerging trends. This trader has previously realized massive profits, including:
$5.72M profit from $TRUMP (+206%) while still holding $3.28M worth.
$2.96M from $PNUT (+477%).
$1.23M from $GOAT (+132%).
This highlights the high-risk, high-reward nature of meme coin trading, where fortunes can be made—or lost—in mere hours.
Signs of a Pump-and-Dump? What Traders Need to Know
Despite the initial surge, $CAR has exhibited classic pump-and-dump behavior. The token reached a peak price of $0.90 before undergoing a sharp correction, now stabilizing around $0.30. This volatility is not uncommon in meme-coins but raises concerns about sustainability and potential manipulation.
Adding to the skepticism, recent crypto scams have seen hackers hijacking high-profile X accounts—including that of former Malaysian Prime Minister Mahathir Mohamad—to promote fraudulent tokens. Given the rapid rise and subsequent decline of $CAR, some are questioning whether this project is a legitimate government-backed initiative or another orchestrated deception.
What’s Next for $CAR?
Looking at technical indicators, the $CAR/SOL chart follows a parabolic rise followed by a sharp correction—a pattern frequently seen in speculative assets. If $0.30 holds as a support level, we might see a bullish breakout, potentially pushing the price back to the $0.50 - $0.60 range. However, if sell pressure persists and $0.30 is breached, the next support level could be around $0.20 or lower.
Final Thoughts: A New Era or a Cautionary Tale?
The launch of $CAR marks a new chapter in political crypto adoption, showcasing how digital assets can intertwine with governance and economic strategy. While some see it as a revolutionary financial experiment, others caution against the risks of political meme coin, given the market’s history of rug pulls and manipulation.
#carmemecoin #centralafricanrepublicmemecoin #centralafricanrepubliccarmemecoin
To Know more, Visit:- CoinGabbar
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