Dictator or Meme Lord? CAR Token’s Bizarre Journey 🤣

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Oh, what a time to be alive! The enfant terrible of the crypto world, the Central African Republic’s President Faustin-Archange Touadéra, has thrown his hat—or rather, his presidential sash—into the memecoin ring. Behold, the birth of the CAR token! 🎉

As the sun set on the Central African Republic (though it was more like midnight, raising a few eyebrows), the President’s official X account announced the launch of a government-backed memecoin. Doubts swirled like a whirlwind, but the token’s market cap soared to almost $900 million before taking a nosedive. 📉

Now, here’s where things get interesting. The country’s official languages are French and Sango, yet the announcement was in English. Cue the conspiracy theorists! Many suspected a hack, while blockchain security firm Scam Sniffer warned of a Telegram group filled with nefarious links. Beware, dear investors, for the dark web beckons! 😈

🚨 ALERT: Scammer modifying popular token information like $CAR and embedding fake Kick platform site through Linktree links. They’re using fake Cloudflare captcha verification pages to trick users into executing malicious code. — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) February 10, 2025

When Video Goes Viral, So Does the Token (Until It Doesn’t)

Enter stage left: President Touadéra’s video endorsement. Speaking in French, he embraced the token as a symbol of unity. Skeptics, momentarily appeased, watched in awe as the token surged 1,210%. Alas, the honeymoon phase was short-lived. Accusations of a deepfake and a vanished project website sent the token plummeting 87%. 💩

But wait, there’s more! Another post from the President ignited interest, propelling the value up 196% in just half an hour. The X account was resurrected, a new website appeared, and an AI detection test confirmed the latest footage was legit. Huzzah! 🎉

Today, I stand before you once again with a message of gratitude. The launch of $CAR has been a success! I want to personally thank each and every one of you, our community, our supporters, and those who believe in our vision. We are building for the long term! — Faustin-Archange Touadéra (@FA_Touadera) February 10, 2025

From School Renovation to Meme Revolution

Amidst the chaos, the tokenomics page revealed a noble cause: 35% of the supply allocated for national development, 25% for the team and contributors, 20.7% for liquidity, 10% for charitable causes, and 9.3% for public circulation. Despite the token’s 91% drop, President Touadéra pledged $50,000 worth of tokens to restore a dilapidated school. Education, meet memes! 📚🚀

This high school has been deteriorating rapidly over the past few years, putting students at risk of losing their access to education. With the help of the $CAR meme, we are able to support the rebuilding and furnishing of the school, giving students a chance for a better future. — Faustin-Archange Touadéra (@FA_Touadera) February 10, 2025

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2025-02-10 23:56