centralafricanrepublicmemecoin

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

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🔔 MARKET MOVING NEWS! (10/02/25)

1️⃣ Crypto Prices Slide As Trump Announces New 25% Tariffs On Steel, Aluminium ❓

The crypto market experienced a slight dip earlier today after U.S. President Donald Trump announced he was planning to levy 25% tariffs on steel and aluminum imports sometime next week. Specifically, this announcement resulted in the market as a whole dipping down 2.15% over the past day. According to the report, memecoins on Solana seem to be hit the hardest.

2️⃣ Central African Republic Seemingly Launches Memecoin While Doubts Emerge ⚡️
#centralafricanrepublicmemecoin
The official X account of Faustion-Archange Touadéra - the President of the Central African Republic reportedly posted a tweet claiming the country has launched a memecoin as part of an experiment to see whether it can benefit national development. A follow-up social media post included a video announcement of the memecoin launch supposedly featuring President Touadéra himself. The memecoin is denoted with the ticker ‘CAR’ and is described as “the official meme of the Central African Republic” on Solana launchpad pump.fun. However, several members of the crypto community have cast doubts about the memecoin project’s legitimacy.

The President’s post reads,

Today, we are launching $CAR — an experiment designed to show how something as simple as a meme can unite people, support national development and put the Central African Republic on the world stage in a unique way.

3️⃣ Trump’s Acting CFPB Chief Cuts Off Funding, Suspends Some Oversight ‼️
#TrumpCryptoSupport
Russell Vought, US President Donald Trump’s newly anointed head of the Consumer Financial Protection Bureau (CFPB), has reportedly cut off the agency from new funding. He also reportedly instructed employees to "cease all supervision and examination activity" and pause enforcement actions. For context, the CFPB was set up to regulate financial companies such as banks and money transfer firms. It also takes complaints about US-based crypto exchanges. However, many in the crypto industry hate the CFPB since they view it as an unconstitutional regulator that uses enforcement actions to stifle innovation. This includes a previously proposed rule that would have resulted in the supervision of crypto wallet providers.

Vought stated,

I have notified the Federal Reserve that CFPB will not be taking its next draw of unappropriated funding because it is not ‘reasonably necessary’ to carry out its duties. The Bureau’s current balance of $711.6 million is in fact excessive in the current fiscal environment.

4️⃣ Landfill In £620m Lost Bitcoin Saga Set To Close 🧐#bitcoin

According to a BBC report, a landfill site in the UK at the center of a man’s fight to recover a lost hard drive with 8,000 BTC (worth $768 million) on it is expected to close in the 2025-26 financial year. The man named James Howells claims the hard drive ended up at the site after his former partner mistakenly binned it in 2013. Howells sued the Newport council to either get permission to dig around the landfill to try and retrieve the drive or be compensated for his loss. However, he lost this decade-long legal battle with the Newport council in January when a judge tossed the case, stating that he had “no realistic prospect” of succeeding at a full trial.

5️⃣ Austin University To Launch $5M Bitcoin Fund With 5-Year HODL Strategy 💸
#Launchpool
The University of Austin is reportedly launching a first-of-its-kind Bitcoin investment fund. The report claims the University of Austin will raise a Bitcoin fund worth over $5 million as part of the institution’s $200 million endowment fund.

Chun Lai, the foundation’s chief investment officer, stated,

We don’t want to be left behind when their [cryptocurrency’s] potential materialises dramatically.

#project