Central African Republic President Faustin-Archange Touadéra has launched a meme-coin in a bid to raise the profile of the country, which is one of the world's poorest. Meme-coins are used to build popularity for a viral internet trend or movement and fans are inspired to collect and give them value,

Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world's poorest countries.

The President of the Central African Republic took it one step further than Donald Trump, by creating a Pump.fun token for his nation.

“Cos,” founder of the blockchain security firm SlowMist, discovered a suspicious link listed on the trading platform GMGNAI. Instead of directing users to an official site, the link led to a Linktree page that included a supposed livestream hosted on the video streaming platform Kick.

The Central African Republic (CAR) has announced the launch of a meme coin named $CAR, described as an experiment aimed at uniting citizens and promoting national development.

Faustin-Archange Touadéra, president of the Central African Republic, said on X that the country’s memecoin was “an experiment designed to show how something as simple as a meme can unite people, support national development and put CAR on the world stage in a unique way”.