After the brief "BNB Chain market" over the weekend, the daily "watered" Monday welcomed a new "market express" - CAR.
After former US President Trump released the official MEME coin, the President of the Central African Republic, Faustin-Archange Touadéra, posted a rather infectious tweet on the X platform official account (note: according to the available information, it cannot be confirmed that it was posted by the president himself) at around 6 am, saying "will issue a MEME coin called CAR, hoping to use this experiment to unleash the power of MEME to propel the Central African Republic onto the world stage", and even directly posted the token contract address.
After the news broke, hot money rushed to the market, and many exclaimed "in 2025, you might even see the President of the Central African Republic shill you to buy coins". The CAR token market cap also soared, reaching nearly $1 billion at its peak. As of the time of writing, the CAR market cap is temporarily reported at $650 million. This article will sort out the relevant information about the token for readers' reference.
Note: MEME coins are highly volatile, please choose the targets carefully and DYOR.
The Power of the CAR Express: The Next TRUMP?
Around 8:30 am, the market cap of the Central African Republic President's concept MEME coin CAR briefly broke through $470 million, then quickly fell back to $270 million.
Subsequently, as the market news gradually spread, some people suggested that the account might have been hacked, while others believed that "it's worth a try", just like the previous TRUMP token release. The CAR market cap also rose amid doubts and FOMO, reaching a high of $980 million around 10 am.
It is worth mentioning that the official X platform account of the President of the Central African Republic, Faustin-Archange Touadéra, also emphasized in the comment section of the tweet at the same time:
As the president of the second country in the world to adopt Bitcoin as legal tender, I have a clear understanding of the potential of cryptocurrencies and their benefits globally. For all information about the CAR MEME, please visit http://car.meme (Note: The website is currently restricted by the domain provider namecheap.com and cannot be accessed).
Currently, the market focus is mainly on the following aspects:
1. Is it really the "Central African President's coin"?
Regarding this, based on the market capital flow, most people tend to be positive (or rather, most people are willing to believe it is real).
Those who hold the opposite view are mainly from the technical level of information tracking: Unrevealed XYZ founder Yokai Ryujin issued a warning, saying that the process of registering the CAR domain on namecheap.com does not seem like something a "president or a country would do", and pointed out that the domain was registered only three days ago. Subsequently, Namecheap officially stated that they have "suspended the abuse of the service".
In addition, X platform has temporarily suspended the official X account @Carmeme_news specifically for the MEME coin, but the President of the Central African Republic stated that he is "working with X to restore the page as soon as possible".
At the same time, Jupiter officials also spoke out: Jupiter co-founder meow first posted that "since this is their first token of this kind, we have contacted the CAR office to further confirm the validity of the token. We will update any information received in real-time. The team has temporarily verified CAR to prevent users from purchasing the wrong token, but there is still a lot of information we don't know, including the origin of the token, doubts about the locking, etc. Please be aware of the risks." Subsequently, they warned again that "we have introduced an organic score in the Trending Tokens module on our platform, which will not indicate whether the token is real or not, but only show that there are many real traders trading the relevant token. Jupiter will introduce a label on this basis to avoid verification in such cases."
The latest news is that Jupiter co-founder meow stated that they have contacted the CAR deployment team for on-chain verification, but have not yet received any off-chain confirmation.
It is worth mentioning that according to the AI tool judgment, the deployment wallet address 121ftnYRm3WJmDHCWrazzRoyZAzZQ4xc5XD7dp3sfpfo of CAR is relatively "clean" and has not issued any tokens before.
Jupiter's temporary verification does not constitute a basis for authenticity
Current conclusion: Doubtful.
2. Is the video of the Central African President a deepfake forgery?
Around 7:30 am, the X platform account of the President of the Central African Republic posted again, accompanied by a simple "shill video".
However, with the maturity of AI face-swapping technology, such videos still cannot be used as evidence to prove that the account was posted by the President of the Central African Republic himself.
Subsequently, there were reports that the AI Deepfake detection model Deepware and Avatrify marked the video of the President of the Central African Republic announcing the launch of the MEME coin CAR as suspicious.
In addition, X platform user Crypto Dreamer also questioned the content of the video: "The wording used in the tweet video is strange, and the current time is midnight local time. It doesn't make sense for them to issue a currency at that time, and their official language is French. This tweet video is only in English, without a French version."
Current conclusion: The video may be a deepfake forgery.
3. What is the CAR token economic model?
According to Solscan data, the token distribution data is roughly consistent with the token economics disclosed on the CAR project website, where the top 4 wallet addresses hold:
Wallet 51MsZhT6xPSFZ3KriJKuuk2mivcnrszCw8Noo7NJsQDL holds 33.31% of the tokens;
Wallet 5aXLXUwt6KvsfHmv1zwyxdaezETbTu6i2rV5R2sFMhnV holds about 25% of the tokens;
Wallet 2Dd5LUBQmUHp17fTJgu5qNdAm2R9ZLLEFprYVJvdazmr holds 9.81% of the tokens;
Wallet HAZrZNBuvcy6M4G5M38wweZtgsZm43WgpbWbTErNU8MM holds 8.39% of the tokens.
Solscan interface token information
According to the previous project website information, CAR tokens have only 9.3% of public distribution, of which 35% will be used for the development of the Central African Republic; the creator and company token share is 25%; the liquidity injection accounts for 20.7%; and another 10% of the tokens will be used for charitable organizations. The President of the Central African Republic had also mentioned in a tweet that "80% of the tokens have been locked through @streamflow_fi". But what is suspicious is that the 20% of the CAR supply promised to be allocated to the liquidity pool by the project team has not been added as of the time of writing.
The token economics of CAR
Whether CAR is the official MEME coin of the President of the Central African Republic is still shrouded in doubt.
At the same time, on the other side of the market, it is a "speculator's carnival" and the "pain of those who sold high".
Who got on the CAR train? Some made thousands of times in profits, while others sold high and lost over $40 million
Whether the CAR token is real or not, the market transactions are ongoing at all times. Some people have made hundreds or even thousands of times in profits, while others have had to sell high with regret.
Wallet One: Invested $5,000, Gained 2,450 Times
According to Lookonchain monitoring, the wallet address Fs7md gained $12 million within less than 3 hours by only spending $5,000, a return of 2,450 times.
It purchased 46.57 million CAR tokens for 25 SOL ($5,000) immediately after the President of the Central African Republic (@FA_Touadera) published the CAR token contract address, and then sold 22.65 million CAR for 8,395 SOL ($1.67 million), leaving 23.92 million CAR ($10.5 million), with a total profit of over $12 million.
Wallet Two: Sold Over $40 Million, but Gained $440,000 in Fluctuations
According to Lookonchain monitoring, when the President of the Central African Republic released the CAR contract address, a user spent 25 SOL ($4,905) to buy 49.6 million CAR, worth over $40 million at the peak. Unfortunately, he sold them all for only 30 SOL ($5,957). Realizing he missed the uptrend, he quickly spent 139 SOL ($27,400) to buy back 4.08 million CAR, and then sold them for 2,358 SOL ($467,400), gaining $440,000.
Wallet Three: Gained $3 Million, 500 Times Profit
According to lmk.fun monitoring, 3 hours ago, a user gained $3 million on CAR with 30.13 SOL ($5,656). He spent 29.73 SOL to purchase 9.852 million CAR immediately after the President of the Central African Republic posted, and paid a total of 0.4 SOL in transaction fees.
Wallet Four: Gained $3.08 Million, 78 Times Profit
According to on-chain analyst AI Aunt monitoring, the smart money 7rCbH spent 200 SOL to buy 14.54 million tokens at a cost as low as $0.002725 per token half an hour after CAR was launched; later, it sold all the tokens in batches during the uptrend at an average selling price of $0.375, cashing out $3.08 million with a return rate of 7,786%.
Whales Reposition: Sell TRUMP, Buy CAR
According to Onchain Lens monitoring, a wallet associated with SpiderCrypto exchanged 110,619 TRUMP tokens for 2.49 million CAR, worth $1.52 million.
Someone will always participate in this high-stakes gamble, as the returns always seem so lucrative.
Summary: The Authenticity of CAR Token Remains to be Verified, but PolitiMeme is a Done Deal
Currently, the market cap of CAR has fallen back to $420 million, and whether it is the official token issued by the President of the Central African Republic is still uncertain. However, following the PolitiFi occupied by various political concept tokens, the PolitiMeme with the Trump family officially releasing a Meme coin has become a done deal.
Someone summarized a list of potential token-issuing African presidents, and some pointed out that the information on the CAR website is identical to that of the TRUMP token website, both stating that "the tokens are not intended to be used as any type of investment, security, or financial instrument. They are designed for entertainment, community engagement, and as a symbol of community unity. CAR has no intrinsic value and should not be viewed as a financial asset."
In any case, the process of cryptocurrency mainstream adoption will continue along similar token turmoils and ETF funds, with everyone being both a participant and a witness. As the official X account of the President of the Central African Republic Faustin-Archange Touadéra said in the pinned tweet, "Bitcoin is the universal currency".
