Articles for tag: Central African Republic, Cryptocurrency, Digital Currency, Faustin-Archange Touadéra, market cap, Memecoin, national development

February 11, 2025

Central African Republic’s Trump-Style Memecoin Launch Fails Spectacularly: A Dive Into Its Crash and Market Impact

The Central African Republic has launched a new memecoin, inspired by similar projects in the U.S., particularly those linked to Donald Trump. President Faustin-Archange Touadéra announced the memecoin as a way to unite the nation and promote development, but its value plummeted by 95% shortly after trading began. Initial enthusiasm led to a Market cap ...

February 11, 2025

Market News

Crypto

Central African Republic’s Memecoin Inspired by Trump Fails Spectacularly After Launch, Sparking Investor Concerns and Market Instability

The Central African Republic’s president, Faustin-Archange Touadéra, has launched a new memecoin inspired by Donald Trump, aimed at uniting citizens and promoting national development. However, the coin’s value plummeted by 95% shortly after its release, raising concerns about its legitimacy as users flagged the project’s promotion on social media. Despite these issues, the government insists ...