Meme Coin Hunter Sniffed Opportunity: Country Token Released, Turned $5K into $12M! - Coin Bulletin

CAR, the new meme coin of the Central African Republic, offered an incredible profit opportunity; an investor made a 2,450-fold profit by converting $5,000 into $12 million in just 3 hours.

The CAR meme coin released by the announcement of the President of the Central African Republic, Faustin-Archange Touadéra, experienced significant price movements immediately after entering the market. According to data provided by Lookonchain, an unnamed investor purchased approximately 46.57 million CAR for 25 SOL worth about 5,000 dollars just one second after the announcement of the contract address.

The investor made a significant profit by selling approximately 22.65 million of the tokens he purchased in a short time for approximately 8,395 SOL, which is about 1.67 million dollars. The value of the remaining 23.92 million CAR reached approximately 10.5 million dollars. This transaction provided an incredible return of 2,450 times in just 3 hours.

The rapid rise and great profit opportunities of CAR mem ecoin have also brought doubts about the project. Previously, some analysts claimed that more than 80% of the token supply was collected in certain addresses and that the project had already generated more than $15 million in profit.

In the cryptocurrency community, warnings continue to be made that CAR may be a manipulative project and investors need to be cautious.