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Central African Republic’s President Launches Memecoin One Trader Nets 2,450x Gains!

Published by
Debashree Patra

According to Lookonchain, Central African Republic President Archange Touadéra issued a memecoin, leading to an astonishing profit for one trader. The trader spent 25 SOL (around $5,000) to purchase 46.57 million CAR tokens within a second of its launch. In less than three hours, the investment skyrocketed to $12 million, yielding a staggering 2,450x return. This rapid gain highlights the speculative frenzy surrounding new token launches, especially when linked to prominent figures. The memecoin’s surge reflects both high-risk opportunities and the volatile nature of crypto markets.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

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