Crypto Trader Earns $12 Million With New Memecoin

On February 10, 2025, the President of the Central African Republic, Faustin-Archange Touadéra, entered the crypto scene by launching a meme coin, joining the ranks of global figures diving into digital assets.

However, what stood out was the timely move of a crypto trader, who quickly invested $5,000 into the project and walked away with $12 million in profit.

The trader capitalized on the launch of the CAR token, purchasing a massive 46.57 million coins with 25 SOL . After selling part of the haul for a sizable return, the remaining tokens appreciated significantly, bringing total profits to an astonishing $12 million. This swift and successful bet has drawn attention, though questions about the coin’s legitimacy have arisen.

The token’s rapid rollout raised suspicions, especially after the president’s announcement was followed by a video flagged as AI-generated.

Additionally, the domain for the project was registered mere days before the coin’s release, further adding to the uncertainty. Some crypto experts and traders have speculated that the event could be linked to a scam, especially after the official social media account for the token was abruptly suspended.

With the unusual circumstances surrounding this launch, the success of the trader may not be the only story worth noting—skepticism about the coin’s authenticity has certainly put the spotlight on the entire operation.