The President of the Central African Republic, Faustin-Archange Touadéra, announced the launch of the official meme coin $CAR representing the country yesterday (10th), with the market value once approaching $1 billion (but has since dropped by more than 90%). It's worth noting that the GDP of the Central African Republic in 2023 is only $2.555 billion.
And just yesterday (10th) a little later, after seeing the success of $CAR, an account displayed as belonging to the President of the Democratic Republic of the Congo (DRC), Felix Tshisekedi, announced that they would follow the Central African Republic and launch the official meme coin of their country:
After observing the success of $CAR, I am pleased to announce the launch of the Republic of Congo token. This initiative aims to support and promote the prosperity of our great nation.
However, after verification by BlockTempo, the account was found to be a fake account, continuing to impersonate politicians of various countries to defraud, and users are advised to be vigilant.
Which other countries might issue coins?
However, with former US President Trump launching his official personal meme coin Trump Coin (TRUMP), and the Central African Republic also following suit to issue a coin (the authenticity of which has now been greatly improved), the community is speculating that more countries may join this coin issuance craze.
In this regard, the exchange Bitget also compiled a list of "Africa Launchpad" yesterday, which includes several African countries that may issue coins, including:
- Rwanda
- Ghana
- Nigeria
- Cameroon
- Uganda
- Kenya
- South Africa
- Senegal
- Côte d'Ivoire
- Burkina Faso
Faced with this wave of coin issuance, some netizens currently say they can't even sleep, as they have to sit in front of the computer all the time waiting for these countries to issue coins in order to seize the opportunity to realize their dreams of getting rich quickly.
But some also say this phenomenon is disgusting, because these presidents or celebrities are issuing meme coins solely to harvest the liquidity of crypto retail investors, and the crypto world has now become a PVP casino, it's just a matter of who gets in earlier and runs faster, without any real meaning.
