"CAR's Meme Coin Launch: Deepfakes, Domain Disputes, and Market Surge"
The Central African Republic (CAR) has sparked controversy with the launch of its official meme coin, CAR, on February 10. The announcement, made through President Faustin-Archange Touadéra's official X (formerly Twitter) account, raised concerns about the coin's authenticity due to irregularities in domain registration and conflicting analyses from deepfake detection tools.
The president's video announcement, which highlighted the country's belief in blockchain technology and its potential for fostering community-driven initiatives, was flagged as potentially fake by two out of four Deepware AI models. The Seferbekov model detected an 82% likelihood of deepfake manipulation, while the Ensemble model marked it as 60% suspicious. However, two other models, including Avatrify and Deepware's own checker, did not flag the video as a deepfake, leading to debate within the community.
Adding to the concerns, Yokai Ryujin, founder of UnrevealedXYZ, pointed out discrepancies in the CAR meme coin's domain registration. The car.meme domain was registered on Namecheap only three days before the project was officially announced, raising questions about the coin's legitimacy. Shortly after, Namecheap removed the website, labeling it an "abusive service."
The meme coin's official X account was also suspended, with the president addressing the issue and stating that they were working to resolve it. Despite these concerns, the CAR meme coin launched on the – at 10:25 PM UTC, with its market cap surging to $527 million within hours, reflecting strong initial demand.
However, multiple tokens with the same name launched around the same time, causing confusion. X user LINKKZYY claimed that someone had launched an identical token two days earlier, using the same branding and funding route, and with only a two-minute difference in launch time. The user alleged that the project rugged the first token on Raydium before releasing an identical version.
Another X user, Bio7ss, warned about the meme coin's distribution, noting that the CAR team controls 80% of the total supply. This raised concerns about insiders potentially dumping the coin on unsuspecting investors, similar to the Trump Coin Team's actions.
The news comes as US President Donald Trump introduced the Trump Coin, with questions remaining about its ownership. Reports suggest that two entities connected 
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