Trump imitator or hacker trick? President of the Central African Republic is involved in the issuance of coins

Author: Alex Liu, Foresight News

Event Timeline and Token Price: The Birth of the Myth of Soaring

In the early morning of February 10, 2025, President of the Central African Republic Faustin-Archange Touadéra released a video through his official X account, announcing the launch of the state-supported Meme Coin CAR and announced the contract address. The statement said CAR is an "experiment to promote national development, unite people and enhance international influence", and the president also stressed that it is the second leader in the world to list Bitcoin as a fiat currency and is optimistic about the potential of cryptocurrencies in the long term. .

As soon as the news came out, the price of CAR tokens soared rapidly. On-chain data shows that the token market value once rose to US$700 million, and is currently stable at around US$300 million. During this surge, a trader purchased 46.57 million CARs in 25 SOLs (about $5,000) within 1 second of the president 's release of the contract address, and sold them in part within 3 hours, with a total profit of more than $12 million, with a return The rate is as high as 2,450 times.

Crypto Background between the Central African Republic and the President:

From Bitcoin Fraudization to Meme Coin Dispute

The Central African Republic has a population of about 5.5 million, with a GDP of about 5.5 billion US dollars and a per capita GDP of only about 1,000 US dollars. As of 2017, the Central African Republic's per capita GDP (calculated in purchasing power parity) ranked last in the world. In 2019, China Africa's human development index ranked second to last in the world, only higher than Niger. According to Wikipedia, research shows that Central Africa is the most unhealthy country in the world and the most unsuitable country for young people.

The Central African Republic has listed Bitcoin as a fiat currency since 2022, becoming the second country in the world after El Salvador. President Touadéra has always regarded himself as a cryptocurrency supporter, believing that it can promote "leapfrog development" in economically backward countries. However, the country has been criticized for its weak infrastructure and poor policy implementation, and Bitcoin’s fiatization has not significantly improved its economic difficulties.

The launch of the CAR token is called "a new chapter in the national experiment" by the president, but controversy follows. After the video was released, two AI deep forgery detection tools (including Deepware) pointed out that the video had an 82% chance of being synthesized, and the project domain name was registered through Namecheap only three days ago (access is currently blocked), which did not comply with government operating specifications.

In addition, the statement was released at midnight locally and was in English rather than the official language French, which further raised doubts.

Token Economics and Controversy Focus: Centralized Hidden Hazards and

Liquidity Risks

According to the CAR token white paper, its total supply is 1 billion pieces, and the allocation plan is as follows:

• 35% is used for national development;
• 25% allocated to creators and businesses;
• 20.7% is used for liquidity pools (but the data on the chain shows that it has not been injected yet);
• 10% for charity;
• 9.3% publicly allocated.

However, the on-chain coin holding distribution exposed the centralized risk: the first largest wallet holds 33.31% of tokens, the second largest wallet accounts for 25%, and the top four addresses collectively control over 70% of the supply . Although the president claims that the tokens have been locked through Streamflow and distributed as planned, the lack of liquidity and concentrated currency holdings still raises market concerns.

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Derivative Thoughts: Challenges of Cryptopoliticization and Trust

Refactoring

The CAR event is not only a carnival in the crypto market, but also reflects the complexity of the combination of cryptocurrency and political power. Jupiter co-founder meow tweeted after the incident fermented that the team had contacted the developers who deployed the CAR tokens and verified some of the information through on-chain transactions. For example, the developer redesigned the initial revocable contract and destroyed 0.06924 SOLs to prove that they have the deployer address.

However, meow also admitted that although the on-chain part can be verified, the team cannot confirm whether the CAR token is actually supported by the Office of the President of the Central African Republic, nor can it verify the accuracy of token economics. This further highlights the trust crisis behind the incident.

The crisis of trust and the game of technology have become the core issue. The popularization of deep forgery technology has lowered the threshold for forging authoritative statements. The president's X account video was marked as "82% probability of synthesis" by AI detection tools, which makes people wonder whether the "national endorsement" of the crypto world can be easily Acceptance . In the future, the offensive and defensive battle between AI detection tools and hackers may become normalized, and how investors make judgments in information that is difficult to distinguish between true and false will become a major challenge.

Secondly, speculative orgy under regulatory vacuum is worrying. Similar cases of Trump's launch of TRUMP coins show that endorsements by politicians may be abused as a tool for market manipulation. The surge in CAR tokens has once again proved that the lack of regulation of crypto markets is very easy to become a paradise for speculators, while ordinary investors often become the last buyers.

Finally, the dilemma of crypto experiments in emerging markets is also worth pondering. The Central African Republic is trying to break through economic hardships with cryptocurrencies, but its weak infrastructure and governance capabilities may make this vision difficult to achieve. The failure of Bitcoin fiatization has exposed similar problems, and whether the launch of CAR tokens will repeat the same mistakes still needs time to verify.

Jupiter's co-founder called on investors to remain vigilant, emphasizing that "the legitimacy of tokens requires official secondary confirmation." (But the CAR has been shown to be authenticated by Jupiter and appears in its token Strict List.)

Conclusion

The dramatic rise of CAR tokens is not only a continuation of the myth of creating wealth in the crypto market, but also a microcosm of the abuse of technology and the lack of trust. In the new era where political narrative and decentralized ideals are intertwined, investors need to examine the halo of "national endorsement" with a more rational perspective, and the synchronous evolution of regulation and technology may be the ultimate answer to this game.