Nigerian pop star Davido is embroiled in controversy as his meme coin $DAVIDO on Solana plummeted by 90%. Davido allegedly engaged in a 'pump and dump' scheme, buying 20.3% of the tokens for 7 SOL and selling them for a profit of 2,791 SOL. The meme coin creator, Sahil Arora, claimed Davido was paid $30K to launch the coin.
Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $468,000 from Token Sale #crypto #cryptocurrency https://t.co/g2unelHKHo
Exclusive: Davido paid $30K to launch meme coin, influencer claims Meme coin creator Sahil Arora said he is behind $DAVIDO, the new meme coin promoted by Afrobeat star Davido. - reporting with @sammy_sacks for @theMariblock
Exclusive: Davido paid $30K to launch meme coin, influencer claims - reporting with @sammy_sacks for @theMariblock https://t.co/yjh6c3BOZd
Exclusive: Davido paid $30K to launch meme coin, influencer claims - reporting with @sammy_sacks https://t.co/6FOdk46GoM
Exclusive: Davido was paid $30K to launch meme coin, influencer claims Meme coin creator Sahil Arora said told Mariblock that he is behind $DAVIDO, the new meme coin promoted by the Afrobeat star. - via @theMariblock https://t.co/Y1WdpwnuQz
Backlash as Davido’s meme coin crashes over 90% in value https://t.co/ZDJ1ZncdJW
[𝕏] Solana's official 𝕏 account welcomed singer Davido, who issued the memecoin $DAVIDO with a "pump and dump" scheme. He bought 20.3% of the tokens for 7 $SOL and sold them for 2,791 SOL profit. @zachxbt noted Davido also promoted Ponzi schemes https://t.co/SAYgNoPa7O
Nigerian Pop Star Davido Accused of 'Pump and Dump' as $DAVIDO Memecoin Drops 90% on Solana https://t.co/BODHsUuuNV