Cryptocurrency

Davido’s Crypto Coin $Davido Hits $10M Market Cap Less Than 24Hrs After Launch

Published

3 weeks ago

May 30, 2024

Adebayo

Nigerian music Superstar, David Adeleke known as Davido has entered the cryptocurrency ecosystem, he promoted a coin named $Davido on the Solana chain.

BrandNewsDay reports that the I am Unavailable Crooner’s move marks a significant milestone in the singer’s career, as he becomes one of the first African celebrities to openly venture into the cryptocurrency space.

Details about the coin, including its underlying technology, and pricing, without notable use cases, are already discussed on his official X (formerly Twitter) account, where he hosted and interacted with his lovers.

Fans and followers of the artist are excited about supporting their favourite musician through this innovative medium.

Also, fans are already grabbing their share of the coin, hoping its upward trajectory changes their fortune.

The Superstar who tweeted about the coin, $Davido before it went ballistic on the Solana ecosystem, where mostly degens (shit) coins are traded.

RECOMMENDED: Crypto Definitions: 31 Most Popular Cryptocurrency Terms, Meanings

Hmmm $DAVIDO
— Davido (@davido) May 29, 2024

As of this writing, the $Davido coin is sitting at about $3 Million after it reached its All-Time-High in less than 24 hours of launch.

Some centralised exchanges (Dex) like Bitget have announced the listing of the Nigerian singer’s coin on their exchanges and are to be traded after listing.

Reacting to the $Davido Meme coin on the Solana chain, some Nigerians have shown their excitement and disappointment as they claim the singer and his managing team of the coin dumped heavily on people who aped (purchased) on the call.

Below are some reactions:

Let me make it clear—
I have nothing against $DAVIDO Solana meme project.
I don't even care if DAVIDO did it for the community or for his gain
Advertisement

I still don't even care if managed the mad dump or the dump is from the team managing the project for him.
The gist is—$DAVIDO is a… pic.twitter.com/rmvsL0GyOv
— Julius Elum (@JuliusElum) May 30, 2024
Advertisement

you guys gave half a million to ANOTHER shit-tier broke larp rapper?????@davido $DAVIDO 💀🤣🤣🤣🤣 pic.twitter.com/jlnJSRyeRl
— kook ☪️ (@KookCapitalLLC) May 30, 2024