Central African Republic Launches its Own Memecoin
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On February 10, the President of the Central African Republic announced the launch of a new crypto coin called ‘Sango Coin’ (SANGO) on pump.fun.
The coin aimed to promote financial inclusivity and innovation in the region. Initially priced at $0.001 per token, SANGO saw a sudden surge of 500% to $0.005 within the first hour of its release, according to data from CoinGecko at 11:32 AM EST.
This surge was accompanied by a trading volume of $1.2 million, indicating a high level of market interest and speculation.
The launch of SANGO also coincided with an increase in trading volumes for other meme coins, such as Dogecoin, which saw a 15% rise to $1.5 billion during the same time period.
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