Trader Flips $5K Into $12M in 3 Hours, Earning a 2,450x Return

On February 10th, 2025, a trader flipped a $5,000 investment into an estimated $12 million within three hours, crossing an approximately 2,450x return.

This dramatic event followed the seemingly unexpected announcement of the $CAR memecoin via President Faustin-Archange Touadéra’s X account. Seconds after the publication of the contract address, someone purchased 46.57 million $CAR tokens using 25 SOL (approximately $5,000).

Subsequently, the sale generated a profit of $12 million, highlighting the extreme volatility and speculative nature of the nascent market. At its peak, the incident propelled $CAR’s market capitalization to an estimated $900 million, raising the possibility that its valuation could eclipse the CAR’s 2023 GDP if its price reached $2.50.

$CAR Memecoin Raise Eyebrows

An announcement shrouded in an unusual air of ambiguity following the President of the Central African Republic’s post on X published in English rather than his customary French detailed the launch of $CAR, a Solana-based memecoin with a total supply of 1 billion tokens.

As the second president in the world to adopt Bitcoin as legal tender, I have always recognized the potential of crypto and its benefits on a global scale.

For all information about CAR Meme, visit https://t.co/kwd5NGxoZG

— Faustin-Archange Touadéra (@FA_Touadera) February 9, 2025

The tokenomics, allocating significant portions to national development, charity, and the project team, alongside a smaller community allocation and liquidity pool, raised immediate questions about transparency and risk.

Furthermore, the launch timing—midnight Central African Republic time—and the immediate inaccessibility of the project website and the President’s X account fuelled suspicion. Speculation regarding a potential account hack, amplified by the purported use of deepfake technology in a related video, further intensified the uncertainty.

CAR’s recent cryptocurrency endeavors have shown both ambition and setbacks. Previous attempts, such as the Sango Cryptocurrency Center and its associated cryptocurrency, ultimately failed to achieve their stated goals. Furthermore, the nation later reversed its earlier decision to recognize Bitcoin as legal tender.

Trader Capitalize on $CAR Surge

Before the public announcement of the CAR token contract address, an anonymous trader inadvertently purchased a staggering 49.6 million CAR tokens for a relatively modest sum of 25 Solana (SOL), approximately $4,905 at the time of purchase.

However, the narrative takes a sharp turn. Instead of capitalizing on this unexpected windfall, the investor liquidated their entire position, selling all 49.6 million CAR tokens for 30 SOL, or approximately $5,957.

Nonetheless, the trader, demonstrably keen to recoup their losses, reinvested a substantially more significant sum of 139 SOL ($27,400) to reacquire 4.08 million CAR tokens. While significantly smaller than the initial $CAR holdings, this strategic repurchase proved to be a smart move.

Subsequently, the investor sold these tokens for 2,358 SOL, or approximately $467,400. This second transaction yielded a profit of roughly $440,000.