Crypto Trader Strikes Gold: $12M from a Meme Coin? You Won’t Believe How!

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So, here we are, folks. The world is going bonkers over crypto, and now even world leaders are jumping on the meme coin bandwagon. I mean, really? After Donald Trump’s meme coin fiasco, the President of the Central African Republic thought, “Hey, why not?” and launched the CAR meme coin on February 10, 2025. And guess what? One lucky crypto trader saw this and thought, “I’ll take a shot!” and ended up with a whopping $12 million. Talk about a lucky break! 🎉

Now, before we start throwing confetti, let’s break down how this trader turned a measly $5,000 into a small fortune. I mean, it’s like winning the lottery, but with more stress and fewer scratch-offs.

Crypto Trader Turns $5K Into $12M Profits

According to some post on Lookonchain—because where else would you get your financial advice?—this trader jumped in right after the Central African Republic President Faustin-Archange Touadéra dropped the meme coin contract. They invested $5,000, which is like, what, a couple of dinners out? And bought 46.57 million CAR tokens. Who knew you could buy a small country’s worth of tokens for the price of a fancy dinner? 🍽️

Out of those tokens, they sold 22.65 million for 8,395 SOL, which is about $1.67 million. Not too shabby, right? They held onto the rest, hoping for even more gains. At the time of the sale, those Solana meme coins were worth $10.5 million, bringing the grand total to $12 million. But let’s be real, with crypto, that number could change faster than your mood on a Monday morning.

So, with a simple $5k investment, this trader made a 2,450x return. I can’t even get a 2.45x return on my Netflix subscription! But amidst all this excitement, the community is raising eyebrows, wondering if this is all just a big scam. Because, you know, nothing says “trustworthy” like a meme coin launched by a world leader.

CAR Token Controversy: AI Flagged & Scam Allegations

Now, let’s talk about the CAR token launch. It was like a surprise party nobody wanted. The Central African Republic government didn’t give anyone a heads-up. President Touadéra made the announcement on his X page on February 9, and suddenly everyone was like, “Wait, what?!” It’s like finding out your neighbor is throwing a rave at 2 AM. 🎉

And then there’s the whole deepfake AI thing. Apparently, 82% of the personality in President Touadéra’s video is AI-generated. I mean, come on! If I wanted to watch a robot, I’d just binge-watch some sci-fi show. And to top it off, the domain for the CAR token was bought just three days before the launch. Sounds a bit fishy, doesn’t it? 🐟

Then there’s the timing of the launch—10:25 PM UTC, which is midnight local time. Who launches a coin at midnight? It’s like trying to sell ice cream in a snowstorm. And the announcement was in English, not French. I mean, come on! It’s like ordering a bagel in a sushi restaurant. Just doesn’t make sense!

The cherry on top? The official X account for the token got suspended. Suspicious much? The President acknowledged it, but let’s be honest, it’s hard to ignore all these oddities. It’s like watching a bad reality show unfold in real-time.

Should You Buy It?

So, should you buy this CAR token? Well, let me tell you, newly launched meme coins are like roller coasters—high volatility and a lot of screaming. With all the scams and hacked promotions floating around, it’s like trying to find a needle in a haystack. And let’s not forget, the CAR price is at risk of manipulation

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2025-02-10 11:28