The Central African Republic (CAR) enters cryptocurrency space by creating its own national meme coin called CAR under President Faustin-Archange Touadéra.
The attention received from this action has prompted industry professionals to analyze its reality and detect signs of fraud and financial manipulation. The CAR token news surprised everyone when a trader made millions from his investment in a few hours.
According to Lookonchain data blockchain analytics data an investor achieved $12 million in profit in less than three hours after starting their trading account with $5,000. Right after the CAR contract address was posted President Touadéra immediately sold his 46.57 million CAR tokens for 25 SOL worth $5000.
Turned $5K into $12M in less than 3 hours—a 2450x return, incredible!
This guy spent 25 $SOL($5K) to buy 46.57M $CAR within one second of @FA_Touadera posting the contract address, and then sold 22.65M $CAR for 8,395 $SOL($1.67M), leaving 23.92M $CAR ($10.5M).
The total profit… pic.twitter.com/LSBOAllElo
— Lookonchain (@lookonchain) February 10, 2025
Debate Grows Over AI-Detected Anomalies in CAR Token Launch
The trader made 22.65 million CAR tokens available on the market to sell for 8,395 SOL tokens that produced about $1.67 million earnings. However, the trader retained 23.92 million CAR tokens worth approximately $10.5 million prior to their disposal. People started suspecting that this fast trading gain might include early information or market manipulation.
The CAR token’s validity issue became worse when AI verification systems spotted possible manipulation in the president’s video announcement. Some analysis teams said they saw problems with the images that suggested artificial intelligence made it instead of an actual human.
Experts disagree about detecting tools because these methods have produced many wrong results which makes us uncertain about the video’s validity. People started questioning if someone else controlled President Touadéra’s social media profile. The available announcement remains available online and needs further investigation because no one knows if its removal is tied to suspicion of wrongdoing.
Unrevealed XYZ founder Yokai Ryujin openly challenged the authenticity of the CAR project in public. On February 10 Ryujin announced on X (formerly Twitter) that the domain for the CAR project registered three days before the project announcement did not align with a government initiative.
Is CAR Token a Legitimate Government Initiative?
Ryujin discovered that the CAR token supply was placed inside Streamflow locks but included adjustable conditions that enabled developers to move and sell the tokens without restriction. Soon after he warned the public Streamflow developers deleted the initial contract moved tokens back into their accounts and launched a fresh contract without securing funds.
According to Ryujin the $17 million worth of CAR maintained by developers would deplete the project’s $3 million liquidity pool soon. After the news surfaced Namecheap suspended the domain where this project had its site. The website suspension from Namecheap raised questions about whether CAR operated as a real government initiative because official projects never undergo sudden halts.
We have suspended the abusive service. Thank you.
— Namecheap.com (@Namecheap) February 10, 2025
Meme coins have become a popular tool for governments and politicians to share strategic messages or gain influence which is reflected in the launch of CAR crypto token. Whoever controls the meme market sets trends as proven by Donald Trump even when he served as President of the United States before becoming President.
Despite previous beliefs that meme coins lack real value they are gaining wider government acceptance which proves their utility. CAR token’s unstable launch warns investors about risks in projects that operate without clear rules and public information.
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