{"id":21029,"date":"2025-02-10T15:47:36","date_gmt":"2025-02-10T13:47:36","guid":{"rendered":"https:\/\/forklog.com\/en\/market-capitalisation-of-cars-official-meme-coin-peaks-at-1-05-billion\/"},"modified":"2025-02-10T15:47:36","modified_gmt":"2025-02-10T13:47:36","slug":"market-capitalisation-of-cars-official-meme-coin-peaks-at-1-05-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/market-capitalisation-of-cars-official-meme-coin-peaks-at-1-05-billion\/","title":{"rendered":"Market Capitalisation of CAR&#8217;s &#8216;Official Meme Coin&#8217; Peaks at $1.05 Billion"},"content":{"rendered":"<p>On February 9, a video appeared on the X account of the Central African Republic (CAR) President Faustin-Archange Touad\u00e9ra, announcing the launch of the state-backed meme token CAR. The authenticity of the video was questioned by the public, with at least two AI-based fake detectors marking it as &#8220;suspicious.&#8221;\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we are launching <a href=\"https:\/\/twitter.com\/search?q=%24CAR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CAR<\/a> \u2014 an experiment designed to show how something as simple as a meme can unite people, support national development, and put the Central African Republic on the world stage in a unique way.<\/p>\n<p>Contract: 7oBYdEhV4GkXC19ZfgAvXpJWp2Rn9pm1Bx2cVNxFpump<\/p>\n<p>\u2014 Faustin-Archange Touad\u00e9ra (@FA_Touadera) <a href=\"https:\/\/twitter.com\/FA_Touadera\/status\/1888722674265764017?ref_src=twsrc%5Etfw\">February 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Specifically, the Ensemble model assessed the likelihood of it being fake at 60%, while Seferbekov rated it at 82%. Deepware and Avatarify did not identify the publication as a deepfake.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeLByXDZiXabo_APMFatExmD3_Auxi9nIbgeX9hUShnyBNw2RS9VgVTCRwULFnQpTPh8EokMppU1mW72pDxH1AE8rBKpKrMKleLLerdRHaePknOMawWnxJq-NZfC0o_iAzXqvNfMQ?key=yHzEJ3EiS8mnzWsohHRi62bl\" alt=\"Market Capitalisation of CAR's 'Official Meme Coin' Peaks at $1.05 Billion\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/scanner.deepware.ai\/result\/6f5f5309c3eed2d4d404dc61fd424b48e397ed41-1739144062\/\">Deepware<\/a>.<\/figcaption><\/figure>\n<p>Community doubts were further fueled by the fact that shortly after the tweet&#8217;s publication, the token&#8217;s market capitalisation reached $1.05 billion, according to <a href=\"https:\/\/www.geckoterminal.com\/solana\/pools\/Bx5pAzBqbuYH5yT93XCoShDka6d6vz9AzBddG7zE9syh\">GeckoTerminal<\/a>.<\/p>\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcQqykl5hioWGO6OtOlSXH6fX8LhIZsM3IyaJkxQKD9d6i3eWh16k8ihge8tfoZRzVUsQ1yl720r6IWzlAf0E-AdDdsvEzmnxeIcaZm3BlUNSNc9onWgKv9yUhREiMMtjr5WIUjTA?key=yHzEJ3EiS8mnzWsohHRi62bl\" alt=\"Market Capitalisation of CAR's 'Official Meme Coin' Peaks at $1.05 Billion\" style=\"width:840px;height:auto\"\/><figcaption class=\"wp-element-caption\">Hourly chart of CAR capitalisation. Data: GeckoTerminal.<\/figcaption><\/figure>\n<p>The video describes CAR as an &#8220;experiment&#8221; aimed at aiding national development and bringing the country onto the international stage. The official <a href=\"https:\/\/www.car.meme\/#tokenomics\">token website<\/a> (unavailable at the time of writing) contained tokenomics with a total supply structure of 1 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcl63QpI1T-d898WtkW4Xtn7U4_wtRidnubxUBl2kPDi1Kq0Ro2vPMUY06m3zE0NZ9nFOUEjski8EEqzWfXUfv_BEah7x_1uNxq4a8VqPwlnZsCGJq4UH2NGWUsFkyIQ_XbKjoJ5Q?key=yHzEJ3EiS8mnzWsohHRi62bl\" alt=\"Market Capitalisation of CAR's 'Official Meme Coin' Peaks at $1.05 Billion\"\/><figcaption class=\"wp-element-caption\">CAR tokenomics distribution. Data: car.meme.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/dexscreener.com\/solana\/bx5pazbqbuyh5yt93xcoshdka6d6vz9azbddg7ze9syh\">DEX Screener<\/a>, the four largest holders possess 33.31%, 24.99%, 9.81%, and 8.39% of the total coin issuance. The 20% designated for liquidity provision has yet to be added to the pool.<\/p>\n<p>At the time of writing, the total number of meme coin holders reached 31,870. CAR&#8217;s liquidity stands at $2.2 million, with an FDV of $134.01 million and a similar capitalisation.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcQLLt4YE1WdOUBw1v4BVox6ceJlKBmrL2VZTy2rVj1Svl19ZMf20hcg7K55XP_4dF-xztciVNnXQp4AIxZXNH6WVaHn_yy40rzIL39hWF6X5pXGd3B5H7PSeD3aHOR0SeKWquSGQ?key=yHzEJ3EiS8mnzWsohHRi62bl\" alt=\"Market Capitalisation of CAR's 'Official Meme Coin' Peaks at $1.05 Billion\"\/><figcaption class=\"wp-element-caption\">Data: GeckoTerminal.<\/figcaption><\/figure>\n<p>The community has not ruled out the possibility that the token launch could be the result of a hack of Touad\u00e9ra&#8217;s profile.\u00a0\u00a0<\/p>\n<p>The X account dedicated to the meme coin, Carmeme_news, has been blocked by the social network&#8217;s administration. However, according to a tweet on the president&#8217;s page, the authorities are &#8220;working on its restoration.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are working with <a href=\"https:\/\/twitter.com\/X?ref_src=twsrc%5Etfw\">@X<\/a> to get <a href=\"https:\/\/twitter.com\/CARMeme_News?ref_src=twsrc%5Etfw\">@CARMeme_News<\/a> back as soon as possible.<\/p>\n<p>Meanwhile, the token supply has been securely locked through <a href=\"https:\/\/twitter.com\/streamflow_fi?ref_src=twsrc%5Etfw\">@streamflow_fi<\/a>, according to the distribution plan, emission groups, and release schedule detailed on our website.<\/p>\n<p>\u2014 Faustin-Archange Touad\u00e9ra (@FA_Touadera) <a href=\"https:\/\/twitter.com\/FA_Touadera\/status\/1888736074043920805?ref_src=twsrc%5Etfw\">February 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In April 2022, CAR recognised the first cryptocurrency as a means of payment alongside the local franc. However, a year later, the corresponding law was repealed due to a strong reaction from other Central African countries.<\/p>\n<p>Later that year, the authorities launched the national digital currency Sango Coin.<\/p>\n<p>In January 2023, the CAR president announced the development of a legal framework for the legalisation of digital assets to accelerate national economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 9, a video appeared on the X account of the Central African Republic (CAR) President Faustin-Archange Touad\u00e9ra, announcing the launch of the state-backed meme token CAR. The authenticity of the video was questioned by the public, with at least two AI-based fake detectors marking it as &#8220;suspicious.&#8221;\u00a0 Today, we are launching $CAR \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1755,1161],"class_list":["post-21029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-central-african-republic","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21029"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21028"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}