{"id":9118,"date":"2025-05-30T15:58:32","date_gmt":"2025-05-30T15:58:32","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=9118"},"modified":"2025-05-30T15:58:37","modified_gmt":"2025-05-30T15:58:37","slug":"central-african-republic-to-tokenize-1700-hectares-of-land-via-solana-based-meme-coin-car","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/05\/30\/central-african-republic-to-tokenize-1700-hectares-of-land-via-solana-based-meme-coin-car\/","title":{"rendered":"Central African Republic to Tokenize 1,700 Hectares of Land via Solana-Based Meme Coin $CAR"},"content":{"rendered":"\n

In a bold and controversial move, Central African Republic President Faustin-Archange Touad\u00e9ra<\/strong> has announced the tokenization of over 1,700 hectares of land<\/strong> using the Solana-based meme coin $CAR<\/strong>, which he has dubbed the \u201cnational meme coin\u201d of the state. The announcement, made via his official X account, outlines plans to make this land globally accessible for purchase through the crypto token by June 2025<\/strong>.<\/p>\n\n\n\n

Land Tokenization Decree: A New Phase for $CAR<\/h3>\n\n\n\n

According to Touad\u00e9ra\u2019s presidential decree<\/strong>, the land, located near Bosongo village<\/strong>, 45 kilometers west of the capital Bangui<\/strong>, will be made available through tokenized sales conducted on the Solana blockchain. The move falls under the CAR\u2019s 2023 tokenization laws<\/strong> and mining code<\/strong>, sparking speculation that the land could be linked to mining concessions<\/strong> or natural resource development.<\/p>\n\n\n\n

The decree represents one of the first government-backed land tokenization efforts in the world that is powered by a meme coin<\/strong>, blending experimental crypto strategies with national asset distribution and not without controversy.<\/p>\n\n\n\n

Market Reaction: CAR Surges After Announcement<\/h3>\n\n\n\n

The meme coin $CAR<\/strong> surged over 20%<\/strong> following the announcement, with daily trading volume jumping 31.9%<\/strong>, according to data from CoinGecko. The token, currently trading at $0.05<\/strong>, has been on a hot streak lately \u2014 up 182% over the past week<\/strong> and 216% in the last month<\/strong>.<\/p>\n\n\n\n

Since its February 2025 launch<\/strong>, $CAR has accumulated a market cap of $53 million<\/strong>, after previously peaking at $884 million<\/strong> before crashing due to backlash and controversy.<\/p>\n\n\n\n

A Controversial History<\/h3>\n\n\n\n

$CAR was introduced by Touad\u00e9ra as a \u201cpresidential meme coin\u201d<\/strong> aimed at uniting the nation and bringing international attention to the Central African Republic in a unique way. However, its journey has been riddled with controversy:<\/p>\n\n\n\n

    \n
  • AI experts flagged Touad\u00e9ra\u2019s launch video as potentially AI-generated<\/strong>.<\/li>\n\n\n\n
  • The coin\u2019s official X account was suspended<\/strong> without clear explanation.<\/li>\n\n\n\n
  • Its domain registration<\/strong> was traced back to a low-cost provider just days before launch<\/strong>, raising trust issues.<\/li>\n\n\n\n
  • The project\u2019s website was later taken down by Namecheap<\/strong> for allegedly violating terms as an \u201cabusive service.\u201d<\/li>\n<\/ul>\n\n\n\n

    Despite this, the president reaffirmed the project’s legitimacy and pledged transparency moving forward.<\/p>\n\n\n\n

    Political Parallels: Mimicking Trump\u2019s Meme Coin Strategy?<\/h3>\n\n\n\n

    Last month, the CAR government invited the top 100 holders<\/strong> of $CAR to a special event in Dubai<\/strong>, echoing Donald Trump\u2019s invite-only dinner<\/strong> for the top 220 holders of the TRUMP meme coin<\/strong>. The parallel signals a new trend where meme coins and political influence<\/strong> are increasingly intersecting adding another layer of spectacle to crypto\u2019s already unpredictable narrative.<\/p>\n\n\n\n

    \u201cBorn as a Meme, Built for Utility\u201d<\/h3>\n\n\n\n

    The new official website, linked from Touad\u00e9ra\u2019s X post, describes $CAR as a coin that began as a meme but is now transitioning into real-world impact<\/strong>. The site lists the token address, participating exchanges, and information on its planned utility with land tokenization<\/strong> now topping the list.<\/p>\n\n\n\n

    President Touad\u00e9ra\u2019s latest decree marks a dramatic evolution in both the meme coin and tokenization narratives<\/strong>, positioning $CAR as a blockchain-powered tool for land ownership and possibly natural resource investment. Whether this bold experiment represents innovation or political theater remains to be seen but it\u2019s certainly capturing the crypto world\u2019s attention.<\/p>\n\n\n\n

    As the Central African Republic continues to push the boundaries of crypto experimentation, global investors and regulators alike will be watching closely to see whether $CAR can live up to its new promise or repeat the volatility of its past.<\/p>\n","protected":false},"excerpt":{"rendered":"

    In a bold and controversial move, Central African Republic President Faustin-Archange Touad\u00e9ra has announced the tokenization of over 1,700 hectares of land using the Solana-based meme coin $CAR, which he has dubbed the \u201cnational meme coin\u201d of the state. The announcement, made via his official X account, outlines plans to make this land globally accessible…<\/p>\n","protected":false},"author":3,"featured_media":9119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[595,327,89],"class_list":["post-9118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto-exchange","tag-meme-coin","tag-solana"],"yoast_head":"\nCentral African Republic to Tokenize 1,700 Hectares of Land via Solana-Based Meme Coin $CAR - Crypto News<\/title>\n<meta name=\"description\" content=\"The Central African Republic will tokenize 1,700 hectares of land using its Solana-based meme coin $CAR. 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