HomeNewsTonga Enters the Crypto Arena: PM Aisake Eke Launches TONG Memecoin to...

Tonga Enters the Crypto Arena: PM Aisake Eke Launches TONG Memecoin to Modernize Economy & Boost Financial Inclusion

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  •  Prime Minister Aisake Eke has announced that $TONG, Tonga’s official memecoin, will modernize the economy and promote financial inclusion.  
  • The move aligns Tonga with countries like the Central African Republic and Argentina, which have explored national memecoins, though past projects have faced controversies, raising questions about their legitimacy.

Prime Minister Aisake Eke has announced via the X platform the launch of $TONG, which is TOnga’s official meme coin. According to the Prime Minister, TONG has been designed to modernize the economy and promote financial inclusion.

It is worth noting that TONG is live on Pump.fun, a platform built on the Solana blockchain for creating and trading meme coins.

According to the Prime Minister;

Today marks a historic moment for our beloved Kingdom. I stand before you with great pride and excitement as I announce the launch of our very own national cryptocurrency. This is a significant step toward modernizing our economy, ensuring financial inclusion, and positioning Tonga as a leader in innovation within the Pacific region.

This being a daring move for a small island nation, Tonga joins elites such as Central African Republic and Argentina who have launched or are involved in national meme coins.

While the announcement sets the stage for this exciting journey, Prime Minister Eke assured the public that more details will be shared soon.

While today marks the beginning of this exciting journey, I want to assure you that more detailed information about the official launch timeline, tokenomics, and how you can get involved will be announced in the coming days.

Central African Republic Introduces National Memecoin

Early last month saw the second country to adopt Bitcoin as a legal tender committing fully to cryptocurrency fuss following the creation of a national meme coin, CAR.
Via the X platform, the President Touadéra claimed the $CAR token was created to unite people, support the country’s development, and put it on the global stage. He reinforced this message in a video, where he endorsed the memecoin and highlighted his government’s pro-crypto stance, noting that the Central African Republic is only the second country to recognize Bitcoin as legal tender.
However diving deeper, doubts surrounded the legitimacy of the national memecoin launch. Evidence show a great chance of a hacked social media account. This is not the first case of high-profile figures which appear to be promoting a certain coin.
A deepfake analysis of President Touadéra’s announcement video revealed a high probability of AI manipulation and suspicious content.
To date, there has been no official confirmation or denial from the CAR government.

The $LIBRA Crash

This is not far from $LIBRA cryptocurrency case in Argentina which generated significant controversy and legal scrutiny.
As we earlier reported, President Javier Milei’s promotion of the $LIBRA cryptocurrency ignited a major scandal, as his social media endorsements fueled a dramatic price surge followed by a rapid collapse, resulting in significant investor losses and prompting widespread accusations of a “rug pull” scam. Critics allege the project was designed for the creators’ enrichment.
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Dennis Grace
Dennis Grace
Peter Macharia is a crypto enthusiast and seasoned writer who specializes in blockchain technology, digital assets, and decentralized finance. He has a talent for simplifying complex concepts and turning them into engaging informative content. With a deep understanding of the industry, Peter delivers clear and precise analysis that resonates with both beginners and experienced crypto enthusiasts.
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