Davido Adeleke, a superstar Afrobeat artist, is facing major backlash after fans lost a considerable amount of their money after investing in $DAVIDO meme coins just 24 hours after its
Nigerian singer Davido has recently been embroiled in controversy surrounding a meme cryptocurrency he established, which operates on Solana's blockchain technology. The token, known as $Davido, initially gained significant popularity, attracting numerous supporters and substantial investments.
However, allegations have surfaced that Davido cashed out his earnings once the token's value soared, leading to a sharp decline in the coin's price.
A notable instance highlighting the impact of this crash involved a fan who shared a screenshot revealing a drastic loss.
The fan had invested over $150 in $Davido coins but found their investment plummeted to just $20, translating to an 86.6667% loss.
Following this incident, many disgruntled fans took to the social media platform X (formerly known as Twitter) to voice their accusations of fraud against Davido.
They expressed their frustration and regret for trusting the musician and investing in the cryptocurrency, feeling misled by his promotion of the token.
Reacting to the post;
Quote
Olamide0fficial noted: “Take from the poor to feed the poor. Davido’s math ”
thesheddyking penned: “Person say Davido don move from 003 to 419 .”
aideinfluence said: “I missed out on the first space. Came online, the PR was good and I thought he had created magic, so I bought the top. 30BG suppose fit run 30M nau. I waited until the midnight space, it was then I knew the mistake I made. The moment he spoke on that space, everyone started selling. I cried.”
yobrxxzy noted: “Davido as a musician grossed $192k. Davido as an influencer made $473k. Wizkid was right at the end of the day.”
FaruqBashar added: “Davido did same thing a lot of big crypto influencers did here to get rich, Gas up a project, then dump on the community. The game is the game, eat or get eaten.”
UnkleAyo stated: “I hope Davido knows that he can go to jail for coordinated scams. SEC currently has filed charges against Jake Paul, Soulja boy, Lil yachty and Lindsay Lohan. He’s also not a “first offender”. He’s not poor. I don’t know why he’s moving like a fool and a fraudster.”
thesheddyking penned: “Person say Davido don move from 003 to 419 .”
aideinfluence said: “I missed out on the first space. Came online, the PR was good and I thought he had created magic, so I bought the top. 30BG suppose fit run 30M nau. I waited until the midnight space, it was then I knew the mistake I made. The moment he spoke on that space, everyone started selling. I cried.”
yobrxxzy noted: “Davido as a musician grossed $192k. Davido as an influencer made $473k. Wizkid was right at the end of the day.”
FaruqBashar added: “Davido did same thing a lot of big crypto influencers did here to get rich, Gas up a project, then dump on the community. The game is the game, eat or get eaten.”
UnkleAyo stated: “I hope Davido knows that he can go to jail for coordinated scams. SEC currently has filed charges against Jake Paul, Soulja boy, Lil yachty and Lindsay Lohan. He’s also not a “first offender”. He’s not poor. I don’t know why he’s moving like a fool and a fraudster.”
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