Cryptocurrency: Central African Republic leader launches meme-coin 'experiment'

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On February 9, Faustin-Archange Touadera, President of the Central African Republic (CAR), one of the poorest countries in the world, announced the launch of the $CAR memcoin on the Solana blockchain. He called it an experiment designed to show “how a meme can bring people together, support national development, and bring the Central African Republic onto the global stage.”

der Standard AT

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The cryptocurrency CAR should "support national development" and provide the country with an international presence

Le Monde

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Three years after the inconclusive experience of the sono corner, the $CAR is experiencing chaotic beginnings, with a price that fell by almost 90% on the day of its launch.

BBC News

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Cryptocurrency: Central African Republic leader launches meme-coin 'experiment'

President Touadéra says it could "unite people" but many have lost money on similar investments.

Techmeme

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Central African Republic, the first in Africa to adopt bitcoin as tender, launches CAR MEME on Solana, trading at $0.03 on February 11, down ~90% since launch

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2025 - French President of the Central African Republic: Is His Account Hacked for Cryptocurrency Launch?

Professor Faustin Archange Touadéra, President of the Central African Republic, announced the launch of a national memecoin, sparking skepticism about the video’s authenticity. Critics raised concerns over the unusual timing, language, and potential AI manipulation. The presidency confirmed the video’s legitimacy, stating it was aimed at a global audience. Despite ambitions for cryptocurrency leadership in Africa, public apprehension persists du…