Blockchair's logo

President of Central African Republic Posts Meme Coin—It Surged to $900M Before Crashing Decrypt 10 Feb 2025

President of Central African Republic Posts Meme Coin—It Surged to $900M Before Crashing 🌍

The President of the Central African Republic created a meme token named Pump.fun, capturing the attention of the crypto market. Following its launch, the token experienced an extraordinary surge, reaching a market capitalization of $900 million. However, the euphoria was short-lived as the value plummeted soon after, mirroring the volatile nature of meme coins.

In a twist reminiscent of similar celebrity cases, this venture draws parallels to Donald Trump's crypto involvement.

Source: decrypt.co ↗

Similar articles (17)

 Central African Republic ‘CAR’ memecoin info pages plagued with phishing links Cointelegraph 10 Feb 2025
Central African Republic ‘CAR’ memecoin info pages plagued with phishing links
Central African Republic memecoin collapses 97% from peak less than two days after launch The Block 11 Feb 2025
Central African Republic memecoin collapses 97% from peak less than two days after launch
Central African Republic launches memecoin as experiment, according to president’s X account The Block 10 Feb 2025
Central African Republic launches memecoin as experiment, according to president’s X account
Central African Republic Meme Coin: Big Promises, Bigger Doubts Cryptonews 1 month ago
Central African Republic Meme Coin: Big Promises, Bigger Doubts
Central African Republic (CAR) Memecoin Raises Millions Amid Deepfake Concerns TheNewsCrypto 10 Feb 2025
Central African Republic (CAR) Memecoin Raises Millions Amid Deepfake Concerns
The President of the Central African Republic launches a memecoin and earns $1.5 million by scamming his followers Cryptonomist 10 Feb 2025
The President of the Central African Republic launches a memecoin and earns $1.5 million by scamming his followers
Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic Renaissance Bitcoinist 12 Feb 2025
Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic Renaissance
Central African Republic’s Crypto $CAR: Scam or Innovation? CoinGabbar 10 Feb 2025
Central African Republic’s Crypto $CAR: Scam or Innovation?
Central African Republic’s Meme Coin Launch Raises Deepfake and Fraud Concerns Beincrypto 10 Feb 2025
Central African Republic’s Meme Coin Launch Raises Deepfake and Fraud Concerns
CAR Memecoin Rockets to $1B: Central African Republic’s Bold Crypto Gamble Coinpedia 10 Feb 2025
CAR Memecoin Rockets to $1B: Central African Republic’s Bold Crypto Gamble
Central African Republic President Stands by CAR Memecoin Despite Launch Controversy Bitcoin.com 1 month ago
Central African Republic President Stands by CAR Memecoin Despite Launch Controversy
Central African Republic’s President Launches Memecoin One Trader Nets 2,450x Gains! Coinpedia 10 Feb 2025
Central African Republic’s President Launches Memecoin One Trader Nets 2,450x Gains!
Central African Republic’s CAR Memecoin Launch Marred by Deepfake Claims & Suspended Domain Coin Edition 10 Feb 2025
Central African Republic’s CAR Memecoin Launch Marred by Deepfake Claims & Suspended Domain
Central African Republic Launches Meme Coin Amid Skepticism Bitcoin.com 11 Feb 2025
Central African Republic Launches Meme Coin Amid Skepticism
Memecoin Craze Continues: A Surprise Country Announces Memecoin Launch! But Experts Warned! Bitcoinsistemi 10 Feb 2025
Memecoin Craze Continues: A Surprise Country Announces Memecoin Launch! But Experts Warned!
AFRICAN PRESIDENT LAUNCHES MEMECOIN, AGAIN!!!!!!!! stacker news 10 Feb 2025
AFRICAN PRESIDENT LAUNCHES MEMECOIN, AGAIN!!!!!!!!
Concerns Rise Over CAR Meme Coin Authenticity Amid Deepfake Doubts and Supply Control Issues Coinotag 10 Feb 2025
Concerns Rise Over CAR Meme Coin Authenticity Amid Deepfake Doubts and Supply Control Issues