The President of the Central African Republic is suspected to announce the launch of Meme CAR, with the token market value reaching US$280 million

PANews February 10th news, according to the news released by the President of the Central African Republic Faustin-Archange Touadéra on the X platform, he announced the launch of the Meme Coin CAR, calling it a "purpose to unite the people, support national development and allow the Central African Republic to land. Experiment on the world stage”. He stressed that he has always recognized the global potential of cryptocurrencies as the second president in the world to use Bitcoin as a fiat currency.

In addition, he said he is working with X platform to restore @CARMeme_News (the account has been frozen) and confirmed that the CAR token supply has been securely locked through @streamflow_fi, and is executed according to the distribution plan and release schedule.

On-chain data shows that CAR has exceeded US$0.48 in a short period of time and is now at US$0.28, with a total market value of approximately US$280 million. It is not clear whether Touadéra's account has been compromised.