Central African Republic Bets Big on Meme Coin for Land Tokenization—Because What Could Go Wrong?

In a move that blurs the line between satire and sovereign policy, the Central African Republic plans to tokenize over 1,700 hectares of land using its own meme coin. Because nothing says ’stable investment’ like internet culture meets real estate.

The CAR—already a crypto pioneer with its Bitcoin legal tender status—doubles down on blockchain experiments. This time, it’s turning dirt into digital assets. Watch as traditional land registries get disrupted by a token named after an inside joke.

Critics whisper ’volatility,’ but hey—when has that ever stopped crypto? The playbook is clear: mint, hype, and pray the market doesn’t notice the irony. Meanwhile, Wall Street fund managers clutch their pearls (and spreadsheets).

The token is currently up by 10.7% and is trading hands at $0.05. It has accumulated a market cap of $53 million since its launch last February. The token’s market cap briefly soared past $884 million, before crashing not long after the launch.

Last month, the top 100 holders of CAR were invited to Dubai to meet with Central African Republic President Touadéra, in a move similar to Donald Trump’s invite-only dinner for the top 220 holders of the OFFICIAL TRUMP (TRUMP) meme coin on May 22.

Controversy surrounding Central African Republic’s meme coin

On Feb. 10, the Central African Republic announced the launch of its own meme coin, CAR. President Faustin-Archange Touadéra called the project an experiment designed to “unite people, support national development, and put the Central African Republic on the world stage in a unique way.”

After a meteoric rise to an all-time high of $0.775 on launch day, the meme coin crashed. Its market cap fell more than 50% from $884 million to $460 million. The drop was fueled by deepfake allegations, website and account suspensions, and questionable domain registrations which made traders suspicious of whether the project was actually trustworthy.

Several AI detection tools flagged the president’s announcement video as AI-generated. Moreover, the meme coin’s official X account was suspended suddenly without explanation. The president then went on X to clarify that his team was working to restore the account as soon as possible.

Yokai Ryujin, founder of UnrevealedXYZ, also pointed out that the meme coin’s registered domain was registered on a budget-friendly domain provider only three days before the announcement. According to Ryujin, this was odd considering the token is supposed to be a government-backed initiative.

Shortly after, Namecheap suspended the website, confirming that it had been flagged as an “abusive service.”

At press time, the president’s post included a LINK to a website which contains the description for the meme coin and its purpose. The site also contained the coin’s address and the exchanges that list it.

“Born as a meme, built for utility. $CAR started as a presidential meme coin —now we’re driving toward real-world impact,” wrote the website’s description.