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STATE OF DECEPTION
Just weeks after Trump's token mania, the Central African Republic's president apparently dropped a memecoin that briefly touched almost a billion in market cap – nearly a third of the country's GDP.
While Americans were glued to Super Bowl coverage, President Faustin-Archange Touadéra's verified account announced $CAR - an "experiment" to unite people and put the Central African Republic "on the world stage."
The token's trajectory matched its ambitions, soaring from zero to almost $900 million faster than you can say "deepfake detection."
But like all things in crypto that rise too fast, gravity had other plans.
As skepticism mounted and AI detectors flagged the presidential announcement video, $CAR's market cap crashed harder than a failed state's credit rating.
Yet the "official" tweets kept coming, even as the project's original website went dark and its social media account got briefly suspended.
Was this the dawn of state-sponsored meme coins, a sophisticated hack, or something more sinister brewing in the shadows of African politics?
In a world where presidents pump tokens and nations launch memes, who's really pulling the strings – and more importantly, who's getting rich off the chaos?
Stories and Articles
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Research of the Week
Stealth Rugs: How Scammers Drain a Project Without Anyone Noticing
Rug pulls don’t always happen in one brutal yank—sometimes, they’re slow, calculated, and designed to keep you blind until it’s too late. Welcome to the world of stealth rugs, where scammers siphon value out of a project little by little, making sure no one panics until the dev wallets are empty and the charts are bleeding out.
Unlike the classic rug pull, where liquidity vanishes in seconds, stealth rugs play the long con. Instead of pulling the floor out from under you, they drain a project slowly, quietly, and strategically. The team keeps posting updates, engagement stays high, and everything looks “active.” But behind the scenes? The treasury is leaking, dev wallets are cashing out in increments, and insiders are dumping their allocations while hyping up the next “big move.”
The tactics vary, but the outcome is always the same: investors holding bags while the team walks away clean. Some of the most common stealth rug techniques include hidden dev fees, where every transaction secretly taxes users and funnels funds straight to the insiders. Then there’s token misallocation, where supply is supposedly “locked” but somehow always finds its way into private wallets. And the deadliest of all? Silent liquidity withdrawals, where liquidity is drained in small chunks over time, making it look like “market movement” instead of a coordinated heist.
By the time investors realize what’s happening, it’s already over. The devs have vanished, the liquidity is gone, and the project is a shell of what it used to be. Some teams don’t even bother disappearing—they just “pivot,” rebrand, and restart the cycle under a new name.
Want to avoid getting drained by a stealth rug? Check the tokenomics. If transaction fees are mysteriously high or the dev wallets hold too much supply, that’s a red flag. Track liquidity over time. If the pool is slowly shrinking with no clear reason, someone is cashing out. And most importantly—if a project keeps making promises but never delivers, assume you’re the product.
Stealth rugs prove that not all scams are loud—some just bleed you out while you’re busy waiting for the next roadmap update. Stay sharp, track the money, and never trust devs who refuse to show their hands.
Memes and Videos The Disappearance of China's Most Wanted Thief Zimin Xan went from flipping takeout boxes to flipping a billion-dollar Bitcoin Ponzi, selling dreams of 300% returns while cashing out for herself. Fake mining ops, new identities, and globe-hopping couldn’t save her when the walls closed in. Now, her Bitcoin stash is gone, her empire is dust, and her story is just another chapter in crypto’s never-ending grift cycle. Source: KiraTV Source: lynk0x
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