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, Faustin-Archange Touadéra, on Sunday announced the launch of a new meme coin called “Central African Republic Meme” (CRYPTO: CAR), leaving the crypto community in disbelief.

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

After TRUMP and MELANIA tokens, it seemed that it was difficult to surprise anyone. But then the president of the Central African Republic (CAR), Faus

“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.

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.

He pointed out that launching the coin at 1 AM Central African Time seemed suspicious. Although the President claimed to lock the token supply through Streamflow, he still had control. He could cancel, withdraw or dump tokens at any time.