Faustin-Archange Touadéra, president of the Central African Republic, said on X that the country’s memecoin was “an experiment designed to show how something as simple as a meme can unite people, support national development and put CAR on the world stage in a unique way”.

Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world's poorest countries.

The President of the Central African Republic took it one step further than Donald Trump, by creating a Pump.fun token for his nation.

The Central African Republic, a poverty-stricken and perennially unstable country despite its vast mineral wealth, has launched a memecoin called $CAR, which had a tumultuous debut, according to experts.

The Central African Republic’s (CAR) unexpected launch of a government-branded meme coin has sparked intense scrutiny, with deepfake allegations and a sudden website takedown fuelling doubts over the legitimacy of the project.

Bitcoin was abolished as an official means of payment in the African country. Now a meme coin is to "support national development".

“Cos,” founder of the blockchain security firm SlowMist, discovered a suspicious link listed on the trading platform GMGNAI. Instead of directing users to an official site, the link led to a Linktree page that included a supposed livestream hosted on the video streaming platform Kick.