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COINOTAG News, December 21, citing Onchain Lens monitoring, recorded a whale transfer out of Binance totaling 272,201,182 PENGU tokens valued at $2.52 million. This movement underscores tangible whale activity in the PENGU market and highlights ongoing cross-exchange liquidity dynamics. Over the prior two weeks, the same wallet accumulated 273.08 million PENGU tokens (valued at $2.55 million) and 405.84 TRUMP tokens (about $2,240), according to Onchain Lens. The pattern signals targeted accumulation of high‑liquidity assets, contributing to a clearer view of near‑term liquidity shifts without asserting speculative price movements.

BlockBeats News, December 21st, according to Onchain Lens monitoring, a whale withdrew 272,201,182 PENGU tokens worth $2.52 million from Binance. Over the past two weeks, the whale has accumulated a total of 273.08 million PENGU tokens (worth $2.55 million) and 405.84 TRUMP tokens (worth $2,240).

Cardano (ADA) founder Charles Hoskinson made significant statements regarding US President Donald Trump. At this point, the founder of Cardano stated that Trump’s actions against cryptocurrencies have harmed the market. Charles Hoskinson criticized Donald Trump, arguing that his approach to the cryptocurrency sector and his personal business ventures negatively impacted the market. Speaking to Decrypt, Hoskinson stated that Trump’s personal memecoin, launched just before he took office, turned the bipartisan regulatory efforts regarding cryptocurrency legislation into a political battleground. “I am very disappointed with President Trump’s approach to cryptocurrencies, especially personal business ventures. Others in the industry are hesitant to speak out about it for fear of the potential consequences.” We were also pressured to remain silent. The prevailing view was that if you didn’t want to risk meeting with the president or participating in the legislative process, you shouldn’t say anything at all. Hoskinson, noting the significance of the timing of Trump’s launch of his personal memecoin, TRUMP, stated that the moment the TRUMP coin was released, the narrative of “cryptocurrency is bipartisan” transformed into “cryptocurrency equals Trump, equals evil, equals corruption.” “This also became a campaign slogan for the 2026 midterm elections.” Hoskinson concluded by saying that Trump’s strategic Bitcoin reserve plan was an inappropriate act by the government to determine winners and losers. Hoskinson also suggested that the inclusion of some altcoins, including ADA, in the proposed reserve list appeared to be an attempt to silence criticism rather than a policy-based decision. He stated that he believes he was not invited to the presidential dinner because of these comments, adding that he considers protecting the integrity of the sector to be more important. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

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In brief A new GI-OTC report has warned that the Central African Republic’s experiment with cryptocurrency has been poorly designed, opaque and vulnerable to abuse. CAR’s Sango Coin collapsed after raising less than €2 million, while the newer CAR meme coin has generated only modest revenues amid extreme volatility, the report said. GI-OTC researchers said that laws enabling the tokenization of land and resources lack basic safeguards, creating avenues for money laundering and foreign capture. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE A new report from the Global Initiative against Transnational Organized Crime has issued a warning about the Central African Republic’s experiment with cryptocurrency, concluding that initiatives have been poorly designed, opaque and vulnerable to abuse, while offering little tangible benefit to the population. “These initiatives, launched under President Faustin-Archange Touadéra, were presented by the government as tools for economic growth, modernization and national development,” said Global Initiative on its website. “However, the evidence documented in this report raises serious concerns about how cryptocurrency has been deployed, by whom, and to whose benefit.” The CAR’s crypto ventures Since 2022, Touadéra has championed a series of crypto ventures including the legalization of Bitcoin as legal tender, the launch of Sango Coin and, more recently, the CAR meme coin. The report argues that, rather than fostering inclusive development, the projects have largely catered to foreign investors and speculative actors, deepening risks to the country’s economic sovereignty. The government has repeatedly claimed that cryptocurrency would boost investment, modernize financial infrastructure and help rebuild one of the world’s poorest and most conflict-affected countries. But the report paints a far bleaker picture in which the program appears tailored far more to the interests of foreign investors than to domestic needs. Sango Coin, launched in mid-2022, was billed as a Bitcoin-backed national digital currency that would catalyze investment and fund infrastructure. Marketed aggressively abroad, it offered foreign investors incentives including citizenship, e-residency, land and access to mining and forestry assets in exchange for holding the token. Many of those incentives were later struck down by the Constitutional Court, which ruled that citizenship, residency and land could not be acquired using cryptocurrency. The project also faced opposition from regional banking regulators, the IMF and the World Bank. Despite the fanfare, Sango Coin failed to gain traction. Of a planned 210 million tokens, only about 10% were sold, raising less than €2 million. The report claimed there is no clear public accounting of how those funds were used. Plans for a crypto city and a crypto island in the capital Bangui never materialized. Sango Coin’s X account announced in April that the project would be revamped, promising “a complete transformation.” It has not posted anything further since. A request for comment from Decrypt sent to its email address bounced back. A new chapter is coming! The original Sango project, as it was first envisioned, will not continue in its previous form. After careful consideration strategic planning, we are preparing a new direction that honors the initial ambition, but adapts it to a stronger path forward pic.twitter.com/wI6K3nFe6x — Sango Project (@sangoproject) April 29, 2025 Despite Sango Coin’s failure, Touadéra’s government pressed ahead. In July 2023, parliament passed a law allowing the tokenization of natural resources, enabling land, minerals and timber to be represented by digital tokens on a blockchain. The report argues the law lacks basic governance, anti–money laundering safeguards and legal clarity, posing serious risks to national sovereignty. Political meme coins Those concerns intensified in February 2025 with the launch of the CAR meme coin, framed by Touadéra as an experiment to promote national development and global visibility. Nathalia Dukhan, director of the Central Africa Observatory (CEA-Obs) at the Global Initiative against Transnational Organized Crime, told Decrypt that the TRUMP coin, which was launched a month prior, is strikingly similar in structure. “Both are built on the Solana blockchain, and in each case, a large share of tokens—around 80% for TRUMP—is controlled by entities closely linked to the creators. The same concentration applies to CAR, indicating a high potential for manipulation by its developers,” she said. “Both coins experienced rapid spikes and collapses within hours of launch, reflecting their nature as highly speculative financial instruments built largely on the notoriety of a political figure.” The rollout was chaotic, marked by a last-minute website registration, suspended social media accounts, concerns that promotional material was AI-generated and wild price swings. On-chain analysis cited in the report shows that a single wallet linked to the anonymous developer acquired nearly 80% of the token supply at launch, giving it near-total control over the market and enabling potential manipulation. The coin briefly surged to a market capitalization of more than $900 million before losing most of its value. The government later used CAR to tokenize land, offering 1,700 hectares under 99-year concessions payable in the meme coin. By late 2025, sales amounted to roughly $38,000, which was not clearly declared as public income or shown to benefit the state. Even digital land certificates promoted by the president appeared to be AI-generated, further undermining credibility. The report situates the crypto initiatives within a broader pattern in the CAR of outsourcing state authority to opaque foreign networks. Since coming to power, Touadéra has relied heavily on external security actors, particularly Russia’s Wagner Group, which has been accused by the UN of widespread human rights abuses in exchange for privileged access to natural resources. “At present, the legal framework and enforcement mechanisms are insufficient to prevent corruption, money laundering, or the financing of terrorism through cryptocurrency,” Dukhan said. amp;amp;lt;span data-mce-type="bookmark" style="display:inline-block;width:0px;overflow:hidden;line-height:0" class="mce_SELRES_start"amp;amp;gt;amp;amp;lt;/spanamp;amp;gt; “Moreover, there is a clear lack of political will to tackle financial crimes. On the contrary, the CAR government has actively fostered opacity, seemingly to attract investors seeking to shield illicit activities.” Several figures involved in promoting the crypto projects, the report added, have been accused or convicted of fraud or resource trafficking elsewhere, reinforcing fears of state capture by criminal networks. The CAR government has been approached for comment.