President of the Central African Republic Triggers CAR Token Surge with Online Post

Highlights:

• CAR token jumps 17% after the president shared a photo that hints at a new law for the meme coin.
• Meme coins linked to world leaders rise fast but lose value quickly after the hype fades.
• Investors are waiting to see if the CAR token will get a role in law after a post from the president gains attention.

The president of the Central African Republic recently posted an image on Wednesday that sparked fresh attention on the country’s official meme coin. The image included a document titled “decret,” which is the French word for decree. Moreover, the post suggested that the token could soon be tied to a new law.

Some documents don’t just make laws. They make history! @CARMemecoinNews $CAR pic.twitter.com/YJBJHy4NuK

— Faustin-Archange Touadéra (@FA_Touadera) April 16, 2025

Along with the image, President Faustin-Archange Touadéra wrote a message on X that said some documents do more than make laws and can make history. This message, combined with the blurred document, added to the growing interest in the meme coin. The official X account for the CAR token, which has been endorsed by the president before, also made a statement. It said that paperwork is not usually something associated with meme coins.

The president reignited his commitment to the project after a prolonged silence from both officials and community members. Several people interpret this social media activity as evidence that the President remains determined to advance the project. While the details of the document remain unclear, the market response shows that traders are once again watching the token closely.

The move has reignited interest in the coin. At press time, the token is trading at $0.01525, a 17.06% increase in the past day. In addition, the trading volume is up 42.99% to $6.03 million. The market cap is up to $15.26 million.

Memecoins Backed by Leaders Crash After Hype

The CAR token first gained attention in February after President Touadéra launched it as a Solana-based meme coin. At the time, he said that the token could unite people and support national growth. Moreover, it would help the country gain global attention. His statements caused a surge in trading, and the CAR token reached a peak market cap of $884 million within a day of launch.

However, the token could not hold its value for long because there were no clear plans, and interest faded quickly. The CAR token experienced a dramatic loss of 98% after traders switched their focus to other popular assets. The price drop of CAR tokens mirrored what happened in other meme coins associated with politicians.

The introduction of the CAR token coincides with the entry of political figures into the meme coin market. United States President Donald Trump released his token, which saw its market cap rise to $14.5 billion at its peak. Soon after, the token dropped 89.5% in value and now stands at $1.53 billion.

A similar pattern was seen with LIBRA, a token that was promoted by Argentine President Javier Milei. Many believed it aimed to support the national economy, but it was later linked to fraud claims. LIBRA reached a high of $732 million before falling 98% to its current value of $11.24 million.

CAR Token Draws Attention Again

Although the CAR token has seen a recent price increase, it remains well below its past highs. The message from the president has renewed market interest, but there is no official confirmation of what the law will include.

Investors are waiting for more information to see if the token will play a direct role in future plans. For now, the token has returned to public conversation after months of being overlooked.