The post Central African Republic’s CAR Meme Coin Faces Deepfake Allegations appeared on BitcoinEthereumNews.com.

The CAR token skyrocketed, but deepfake warnings and a sudden website takedown have raised questions about whether this is truly a government-backed initiative. On Feb. 10, the Central African Republic made an unexpected move by announcing the launch of its own memecoin, CAR. The announcement came directly from the official X account of President Faustin-Archange Touadéra, who described the project as an experiment aimed at uniting people, supporting national development, and putting CAR in the global spotlight. Today, we are launching $CAR – 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. Contract: 7oBYdEhV4GkXC19ZfgAvXpJWp2Rn9pm1Bx2cVNxFpump — Faustin-Archange Touadéra (@FA_Touadera) February 9, 2025 “Today, we are launching $CAR—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,” Touadéra’s official X account posted on Feb. 10. He linked the initiative to the country’s previous pro-crypto stance, noting that he was the second world leader to adopt Bitcoin (BTC) as legal tender. As the second president in the world to adopt Bitcoin as legal tender, I have always recognized the potential of crypto and its benefits on a global scale. For all information about CAR Meme, visit https://t.co/kwd5NGxoZG — Faustin-Archange Touadéra (@FA_Touadera) February 9, 2025 The memecoin was launched on the Solana (SOL) based Pump.fun platform and initially saw an overwhelming market response. Within hours, its valuation surged as traders rushed to participate in what was seen as the first-ever national memecoin. However, while the idea of a government-backed meme coin generated huge interest, skepticism quickly followed. Within hours, deepfake allegations, website suspensions, and questionable domain registrations began casting…

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Filed under: News - @ February 10, 2025 4:07 am