This investor lost 1.5 million dollars worth of CAR tokens due to FOMO.

A trader has invested 1.9 million dollars in 3.6 million $CAR tokens at an average price of 457,000 dollars per million, but within 10 hours, that bet turned into a nightmare as the $CAR price dropped, wiping out 77.08% of the trader's investment. The trader, associated with the wallet address 4v7nG…jzD, has purchased 3.6 million $CAR tokens at an average price of $457,000 per million tokens, hoping to make a quick profit. But as the token price sharply decreased, their holdings decreased to only $441,600. Despite controlling 99.94% of the total supply, they still suffered a large unrealized loss.

Token $CAR was launched on February 9, marketed as the official memecoin of the Central African Republic (CAR). It has attracted significant attention, reaching a market capitalization of 527 million dollars in a short period of time. However, the excitement didn't last long. A promotional video featuring CAR President Faustin-Archange Touadéra was flagged by two AI detection tools as a potential deepfake. This raised serious doubts about the project and caused panic among investors. Touadéra's official X account (, formerly known as Twitter), described this token as an "experiment" to support national development and global recognition. The token was launched on Pump.fun at 10:25 PM UTC, attracting enthusiastic traders looking to make money. However, when questions about the authenticity of the widespread video arose, confidence in the project collapsed, causing the price of this token to plummet. Blockchain data from Lookonchain shows that traders may not even sell any tokens, locking a $1.9 million investment in a big loss. This is an extraordinary example of the risks of speculative cryptocurrency trading, especially in the highly unpredictable memecoin space. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)