Jupiter co-founder working to verify CAR memecoin’s legitimacy

Meow, the pseudonymous co-founder of Jupiter (JUP), a Solana-based decentralized cryptocurrency swap aggregator, stated on X that the team has contacted relevant authorities to verify the legitimacy of CAR, a new memecoin reportedly launched by the Central African Republic. While Jupiter has temporarily verified the token, questions remain about its origins and the status of its locked supply. Updates will be provided in real time as more information emerges. He calls current uncertainty harmful to the industry, highlighting the need for a better way to issue major tokens.