THORChain (rune) 
Central African Republic’s CAR Token Sparks Controversy Amid Deepfake Allegations and Website Suspension
The Central African Republic’s sudden launch of its own memecoin, CAR, has raised eyebrows in the cryptocurrency community. The announcement, made by President Faustin-Archange Touadéra on his official X account, described the project as an experiment aimed at uniting people, supporting national development, and putting CAR in the global spotlight.
The memecoin was launched on the Solana-based Pump.fun platform and initially saw an overwhelming market response, with its valuation surging to $527 million. However, skepticism quickly followed, with deepfake allegations, website suspensions, and questionable domain registrations casting doubt on the project.
Deepfake Allegations and Website Suspension
AI detection tools analyzed the president’s announcement video, with one model finding an 82% probability that the video was AI-generated. The memecoin’s official X account was also suspended without explanation, and the president’s X account acknowledged the suspension, stating that they were working with X to restore it.
Furthermore, the CAR memecoin’s domain was registered on Namecheap, a budget-friendly domain provider, only three days before the announcement. This move was described as highly uncharacteristic for a government-backed initiative. Namecheap later suspended the website, confirming that it had been flagged as an “abusive service.”
Market Activity and a Volatile Debut
Despite the controversy, the CAR token surged upon launch, reaching a peak valuation of $527 million. However, as of the latest update, the token’s value has dropped to $460 million. The timing of this controversy is crucial, as the crypto world has recently seen a spike in fraudulent meme coin launches.
Tips for Investors:
- Be cautious of unexpected high-profile endorsements and rapid website takedowns.
- Verify the authenticity of a project’s domain registration and website.
- Stay up-to-date with the latest news and developments in the cryptocurrency market.
“I tried to warn you about this from the start, and I’ll keep fighting for you.” – Yokai Ryujin, founder of UnrevealedXYZ
At this stage, there is no clear confirmation on whether CAR is an official government-backed initiative or an elaborate scam. Global Crypto News is actively investigating this developing story and will provide updates as more information emerges. Stay tuned for more news and updates on the cryptocurrency market.
