The President of the Central African Republic is suspected to have announced the launch of the Meme coin CAR, and the token market value has reached 280 million US dollars

PANews reported on February 10 that the President of the Central African Republic, Faustin-Archange Touadéra, announced the launch of the Meme coin CAR on the X platform, calling it an "experiment aimed at uniting the people, supporting national development and bringing the Central African Republic onto the world stage." He emphasized that as the second president in the world to use Bitcoin as legal tender, he has always recognized the global potential of cryptocurrencies.

In addition, he stated that he was working with Platform X to restore @CARMeme_News (the account had been frozen), and confirmed that the CAR token supply had been securely locked by @streamflow_fi, in accordance with the distribution plan and release schedule.

On-chain data shows that CAR briefly broke through $0.48 and is now trading at $0.28, with a total market value of approximately $280 million. It is not clear whether Touadéra's account has been hacked.