CAR Meme Coin Surges Over 20% After President Touadéra’s Statement
The president of the Central African Republic (CAR), Faustin-Archange Touadéra, has confirmed that his account was not hacked and reaffirmed his support for blockchain technology and the CAR meme coin project. He emphasized that this initiative aligns with the nation’s development goals.
“My account was not hacked, I was not the victim of any deepfake, and I reaffirm my commitment to innovation, blockchain, and the development of CARMemecoinNews,” he stated.
Key points include:
- The CAR meme coin launched recently to support national growth.
- The token's market capitalization surged to $900 million from $80,000 within four hours.
- Trading volume exceeded $1 billion shortly after launch.
- Due to speculation about a hack, the token's value fell below $40 million but rose over 20% in the last 24 hours following Touadéra's statement.
- Market cap increased by over 18% during the same period.
Exchange Listings and Partnerships Aim to Boost Confidence
The CAR token is listed on major exchanges like MEXC, BingX, BitMart, LBank, and XT.com. Plans for additional listings are underway to enhance visibility and liquidity. The project's team is securing partnerships and expanding market activities.
“We’re expanding our listings and securing major partnerships to strengthen our market presence. A global marketing push will drive greater visibility and engagement,” they stated.
Currently, nearly 27,000 holders possess the CAR token. New exchange listings could further boost investor confidence. Recently, Crypto.com added CAR to its Onchain Wallet alongside other Solana-based tokens.
Touadéra's backing may support the token's recovery, as he has previously endorsed cryptocurrencies, describing Bitcoin as universal money.