Famous Nigerian singer Davido has entered the cryptocurrency market by launching his own memecoin called “DAVIDO,” which managed to earn him half a million dollars within just a few hours.
The introduction of the DAVIDO token and the quick profit made by the Nigerian singer, who is notorious for his fraudulent activities, caused quite a stir in the market. In response to this, Solana’s official X account tweeted a welcome message to Davido, the fraudulent singer from Nigeria.
Solana just ships welcome
@davido
!
https://t.co/3K0rWnnrA5
— Solana (@solana)
May 29, 2024
The tweet from Solana also garnered reactions from crypto investors. Additionally, ZachXBT pointed out that Davido had previously supported various pyramid schemes.
The Solana-based memecoin, DAVIDO, experienced a significant surge and subsequent decline within a short period of time. It was launched through a pump and dump scheme, with Davido spending 7 SOL to acquire 20.3% of the total token supply. After the price soared, he sold some of his DAVIDO tokens, resulting in a profit of 2,791 SOL ($474.4 million). Currently, Davido still holds 43.25 million DAVIDO tokens, making him the largest individual holder, accounting for 4.32% of the total supply.
As of now, the trading price of DAVIDO stands at $0.00000965.
The official Twitter account of Solana extended a welcome to Davido, the Nigerian singer known for his fraudulent activities. He created the Solana memecoin, DAVIDO, through a pump and dump scheme. Davido invested 7 SOL to purchase 20.3% of the total tokens, and then sold them for a profit of 2,791 SOL. ZachXBT highlighted Davido’s involvement in promoting…
*This article does not provide investment advice.
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