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- The founder of SlowMist warned that the Central African Republic meme coin (CAR) has issues such as lack of transparency and the introduction of malicious sites.
- He pointed out that 80% of CAR's supply is distributed to addresses related to the issuer and emphasized that the details of the locked-up volume have not been verified.
- CAR is reported to be trading at $0.3107, a 314,000% surge from 24 hours ago, according to Dex Screener.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The founder of the well-known blockchain security firm SlowMist has issued a warning about the Central African Republic Meme (CAR).
On the 9th (local time), Cos (余弦), the founder of SlowMist, stated on X, "The CAR, reportedly issued by the President of the Central African Republic, has a sloppy launch process," and "The lack of transparency can lead to all sorts of problems. Do not succumb to FOMO (Fear of Missing Out)."
He pointed out, "The official website of CAR is still inaccessible," and "Some meme coin trading platforms are introducing malicious sites as the official homepage." He added, "The details of the locked-up volume have not been verified," and "80% of the CAR supply is distributed to six addresses related to the issuer."
Previously, Faustin-Archange Touadéra, the President of the Central African Republic, announced the issuance of an official meme coin. The authenticity is still unclear.
As of 3:22 PM, CAR is trading at $0.3107, a 314,000% surge from 24 hours ago, according to Dex Screener.
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