Central African Republic to Tokenize Over 1.7k Ha of Land Using Its Meme: CAR Price Surges Over 17%

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Land of Memes: Central African Republic Goes Wild with $CAR! 🚀

Oh, gather ’round, dear readers, for a tale of land and laughter! Faustin-Archange Touadéra, the illustrious President of the Central African Republic, has waved his magic pen and signed a decree to tokenize a whopping 1,700 hectares of land! Yes, you heard it right—land! 🌍

With a flourish on his official X account, our dear president announced that this land will be tokenized on the Solana (SOL) network, using none other than the country’s very own token, the Central African Republic Meme ($CAR). Because who wouldn’t want to buy land with a meme? 😂

Now, according to the presidential decree (which sounds very official, doesn’t it?), this splendid land will only be accessible via the $CAR token starting June 2025. So, mark your calendars, folks! 🗓️ As a result, the CAR memecoin has caught the eye of speculative crypto traders, who are probably rubbing their hands together in glee.

“Starting June, land concessions will be accessible online using $CAR, directly on Solana. A new era of access and transparency begins,” Touadéra noted. And who doesn’t love a bit of transparency with their memes? 😏

Central African Republic Meme (CAR) Defies Crypto Bearish Sentiment

In a twist that would make even the most seasoned crypto traders chuckle, the CAR memecoin has decided to dance to its own tune, largely ignoring the gloomy vibes of the wider altcoin market. According to Coimpedia’s crypto oracles (yes, oracles—because why not?), the CAR price surged over 17 percent following the announcement, trading at about $0.053 on Thursday, May 29, during the mid-North American trading session. Talk about a plot twist! 🎉

This cheeky little memecoin, with a fully diluted valuation of about $54 million and a 24-hour average trading volume of around $9.2 million, has skyrocketed more than 300 percent in the past two months. It seems $CAR is on a mission to reach its all-time high (ATH) of about 77 cents—93 percent away! Who knew memes could be so ambitious? 💪

Meanwhile, Bitcoin (BTC) is leading the wider altcoin market in a mild correction, causing the total crypto market cap to drop by 3 percent in the past 24 hours, hovering around $3.5 trillion. But fear not! The notable surge of CAR price could signal an incoming crypto rally, fueled by the wider adoption of digital assets by institutional investors amid clear regulations. Because nothing says “trustworthy” like a meme coin, right? 😜

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2025-05-29 22:52