A Country Meme Coin? The Central African Republic Launches Its Own Crypto, But Not Everyone Is Impressed
Posted On February 10, 2025
The president of the Central African Republic, Faustin-Archange Touadéra, on Sunday announced the launch of a new meme coin called “Central African Republic Meme” (CRYPTO: CAR), leaving the crypto community in disbelief.
What Happened: Following the launch, Touadéra claimed the meme coin experiment could bring global attention to the African country.
However, blockchain data provider Bubblemaps revealed that only 9.3% of CAR’s supply was publicly distributed, with the majority controlled by creators and “country development”.
On-chain data from Spotonchain showed that a trader exchanging 101,874 TRUMP (CRYPTO: TRUMP), worth …
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