The President of the Central African Republic announces the launch of the official Meme coin "CAR", triggering turmoil on the blockchain. The market value of this token once reached $530 million. However, deepfake AI detectors flagged related videos as suspicious, questioning their authenticity. Additionally, the domain registration process has also raised concerns, possibly indicating a risk of hacking. Currently, the official X account has been suspended and is working with the platform to restore it.
—— First there was Trump, then the First Lady, now everything can be tokenized. One country, one coin 😂
The GDP of the Central African Republic is $2.5 billion annually, and the President's Meme is now worth $700 million 😅 almost a quarter of the entire country's GDP for a year....... Is it really good for the crypto world when a President starts issuing tokens.....