Jupiter DEX has allegedly been misled by a new meme token that claims to represent the Central African Republic. The on-chain analysis revealed signs of an elaborate scam, where early investors reportedly extracted up to $12 million from the meme market. These developments raise alarms about the need for thorough vetting of new tokens and the ongoing risks associated with decentralized exchanges. As the landscape of cryptocurrency evolves, remaining vigilant against potential scams becomes increasingly crucial.