The Central African Republic ($CAR) token grabbed huge popularity but later faced a significant downfall. CAR president called it a very big success for a meme token.
Introduction: Central African Republic (CAR) is a landlocked country in Central Africa. Its capital is Bangui. It is one of the poorest countries in the world, with a very weak economy, where the majority of the population remains dependent on agriculture, mining of diamonds & gold, and forestry. Because of political instability & limited infrastructure, the country’s economy has slowed. In April 2022, this country adopted Bitcoin as a currency, but later in 2023, the decision was reversed by the CAR parliament.
On 10 Feb 2025, The Central African Republic (CAR) president Faustin Archange Touadera announced the launch of a meme crypto token called $CAR coin.
Through the announcement, Faustin clarified his vision with this meme token and said that it was only a part of an experiment to show people how we can unite them together with just a meme token and ultimately put the country on the global stage in a unique way.
Furthermore, the CAR president said that as a pro-Bitcoin president, he always appreciated the potential of crypto & blockchain technology.
To share new developments & news around the $CAR coin, Faustin also launched a website, www.carmemecoin.com and an X account, @CarMeme_News. He also thanked all the people who showed support for this meme crypto token & showcased the country as a pro-Crypto.
Note: The x.com/CarMeme_news account has been blocked by the X (formerly Twitter) team
$CAR Token to Help the Country’s Basic School Education
Today, the CAR president announced that he will allocate $50,000 worth of $CAR tokens per day for the next 30 days only to support the country’s basic school education with a better ecosystem.
He also said that they aimed to help students access basic education & give students a chance to choose a better future.
However this initiative is really appreciable, but this news acted as a negative development for the $CAR token holders. They considered this latest decision as bad news for the future price of the $CAR coin.
The current trade price of $CAR token is $0.067 & this price level is 91% down over the last 24 hours trading period.
Donald Trump Meme Coin
Earlier this US President Donald Trump launched his token by his own name, called $TRUMP. Within 24 hours, the $TRUMP token grabbed huge popularity but later crashed badly.
The current trade price of the $TRUMP coin is $16.24 & this price level is 150% higher since the launch of this token.
For launching this meme token, many crypto enthusiasts showed hate for the US president. Some critics said that how a country’s president can launch a meme token & call it a collectible, while that token can be used in money laundering activities easily & also can be used for paying money for goods & services.
