Original｜Odaily Planet Daily (@OdailyChina)​

Author｜Wenser (@wenser 2010)​

After a brief "BNB Chain rally" over the weekend, Monday's crypto market served up a fresh dish: CAR.

Following in the footsteps of Trump's official meme coin, the official X (formerly Twitter) account of the President of the Central African Republic, Austin-Archange Touadéra (Odaily note: current information cannot confirm if the account is managed by the President himself), posted an enticing tweet around 6 AM. The tweet announced the launch of a meme coin named CAR, aiming to "leverage the power of memes to propel the Central African Republic onto the global stage," and even included the token's contract address.

This news sparked a frenzy, with market hot money rushing in and countless individuals exclaiming, "In 2025, you can even see the President of the Central African Republic telling you to buy crypto!" The CAR token's market cap soared, peaking near $1 billion. As of writing, it stands at $650 million. Meme Insider is here to break down the details of this token for your reference.

Disclaimer: Meme coins are highly volatile. Please exercise caution and DYOR (Do Your Own Research).

The Power of CAR: The Next Trump?

Around 8:30 AM, the market cap of CAR, the Central African Republic presidential meme coin, briefly hit $470 million before quickly dropping back to $270 million.

As the news spread, opinions diverged. Some speculated about a hacked account, while others saw it as a "worth-a-shot" opportunity, echoing the drama that followed the launch of the TRUMP token. Fueled by doubt and FOMO (Fear Of Missing Out), CAR's market cap climbed, reaching a high of $980 million around 10 AM.

Notably, the official X account of President Austin-Archange Touadéra also emphasized in a reply to the initial tweet:

As the President of the second country in the world to adopt Bitcoin as legal tender, I have always been clear about the potential of cryptocurrencies and their global benefits. For all information about the CAR Meme, please visit http://car.meme (Meme Insider note: this website is currently restricted by domain provider namecheap.com due to reported abuse).

Currently, the market's focus is on several key questions:

1. Is it Actually the Central African Republic President Launching a Coin?

Judging by the market's capital flow, most lean towards a positive view (or perhaps, most want to believe it's true).

However, skeptics raise concerns based on technical information:

• Yokai Ryujin, founder of Unrevealed XYZ, warned that registering the CAR domain name through namecheap.com "doesn't seem like something a president or a nation would do," noting the domain was registered just three days prior.
• Subsequently, Namecheap officially stated they had "suspended the service for abuse."

Furthermore:

• X has suspended the official X account dedicated to the meme coin, @CARMeme_News, but the Central African Republic President claims to be "working with X" to restore the page ASAP.
• Jupiter exchange personnel have also commented. Jupiter co-founder meow initially stated: "Since this is the first token of its kind, we have contacted the CAR office to further verify the token's legitimacy. We will update any information received in real-time. The team has temporarily verified CAR to prevent users from buying the wrong token, but there's still much we don't know, including the token's origin, questions about locking, etc. Please be aware of the risks." He later warned: "We're introducing an organic score in our platform's Trending Tokens module. This function doesn't indicate if a token is real, but shows if there are many real traders trading the token. Jupiter will introduce a tag based on this to avoid validation in such cases."

Latest updates:

• Jupiter co-founder meow stated they have contacted the CAR deployment team for on-chain verification but haven't received any off-chain confirmation yet.

Worth noting:

• AI tools assess the CAR deployer wallet address 121ftnYRm3WJmDHCWrazzRoyZAzZQ4xc5XD7dp3sfpfo as relatively "clean," with no prior token deployments.

Jupiter's preliminary verification:

Current Conclusion: Doubtful.

2. Is the Central African Republic President's Video a Deepfake?

Around 7:30 AM, the Central African Republic President's X account posted again, featuring a brief "call-to-action" video.

However:

• With advanced AI deepfake technology, such videos are not conclusive proof of authenticity, failing to definitively prove the account is managed by the President himself.

Subsequently:

• Reports surfaced that AI Deepfake detection models Deepware and Avatrify flagged the Central African Republic President's announcement video for the CAR meme coin as suspicious.

Furthermore:

• X user Crypto Dreamer questioned the video's content:
  • "The wording in the tweet video is strange, and it’s currently midnight local time. Launching a currency at that hour makes no sense. Also, their official language is French, yet the video content is only in English."

Current Conclusion: Video likely a deepfake.

3. CAR Tokenomics: What's the Deal?

According to Solscan data, token distribution data largely aligns with the tokenomics published on the CAR project website:

• Top 4 wallet addresses:
  • Wallet 51MsZhT6xPSFZ3KriJKuuk2mivcnrszCw8Noo7NJsQDL holds 33.31% of the tokens.
  • Wallet 5aXLXUwt6KvsfHmv1zwyxdaezETbTu6i2rV5R2sFMhnV holds approximately 25% of the tokens.
  • Wallet 2Dd5LUBQmUHp17fTJgu5qNdAm2R9ZLLEFprYVJvdazmr holds approximately 9.81% of the tokens.
  • Wallet HAZRrZNBuvcy6M4G5M38wweZtgsZm43WgpbWbTErNU8MM holds approximately 8.39% of the tokens.

Solscan Token Information Interface

Based on previous project website information:

• Only about 9.3% of CAR tokens are publicly allocated.
• Of which:
  • Third-party creators and companies hold approximately 25%.
  • Liquidity injection accounts for approximately 20.7%.
  • Another portion is allocated for charitable organizations.

The Central African Republic President also mentioned that "80% of tokens have been locked via @streamflow_fi," but there's no evidence to confirm the exact locked amount as of writing.

CAR Tokenomics

Whether CAR is the official meme coin of the Central African Republic remains uncertain.

Meanwhile, on the other side of the market, it's a carnival for speculators and a source of pain for those who sold too early.

Who Rode the CAR Wave?

Some Profited Thousands of Times Over; Others Sold $400,000 Too Early

Wallet 1: $5,000 Investment Turns into $2 Million, 400x Gains

According to Lookonchain monitoring, wallet address Fs7md profited $2 million from just $5,000 in less than three hours, a staggering 400x return.

Within one second of the Central African Republic President's (@FA_Touadera) tweet with the CAR contract address, they spent $5,000 to buy 5.67 billion CAR tokens, and then sold 4.47 billion CAR tokens for $2.05 million, holding onto 1.2 billion CAR tokens (worth $250,000), with total profits exceeding $2.29 million.

Wallet 2: Sold $400,000 Too Early, but Still Made $370,000

According to Lookonchain monitoring, when the Central African Republic President tweeted the CAR contract address, a user spent $30,000 to buy 4.79 billion CAR tokens and initially aimed for a high price of over $400,000. Unfortunately, they sold all tokens for $230,000. Realizing they missed out on further gains, they quickly spent $200,000 to buy back 2.48 billion CAR tokens and sold them for $570,000, netting a profit of $370,000 in total.

Wallet 3: $370,000 Profit, 7.3x Return

According to lmk.fun monitoring, a wallet associated with SpiderCrypto swapped $50,000 for billions of CAR tokens, worth approximately $410,000. They quickly sold all CAR tokens for about $420,000, ultimately earning $370,000, a 7.3x return.

Wallet 4: $370,000 Profit, 7.6x Return

According to on-chain analyst AI Wei Yi monitoring, smart money address rCbH spent $50,000 on CAR half an hour after launch, obtaining $430,000. They sold all CAR tokens on a decentralized exchange for approximately $420,000, ultimately earning $370,000, a 7.6x return.

Whale Shift: Dumping TRUMP, Buying CAR

According to Onchain Lens monitoring, a wallet associated with @SpiderCrypto swapped $50,000 for billions of CAR tokens, worth approximately $410,000. They quickly sold all CAR tokens for about $420,000, ultimately earning $370,000, a 7.3x return.

Someone always jumps into the gamble because the rewards often appear so lucrative.

Conclusion: CAR Website Launch Official, but Authenticity Unclear

Currently, CAR's market cap has dropped back to $650 million.

While its authenticity remains unverified, it has emerged as one of the first similar products following the Trump family's PolitiFi coin.

Some have compiled lists of African leaders who might potentially launch similar coins, noting similarities between CAR and Trump Family Ventures' products in terms of background information.

Regardless, the mainstreaming of cryptocurrencies will continue through events like this. Individuals are both participants and witnesses in this ongoing evolution.

As the pinned tweet on the Central African Republic President Austin-Archange Touadéra's official X account states:

Bitcoin is universal money.