Davido named ‘fraudster’ as fans make severe loss on $Davido coins

Superstar Afrobeat singer, Davido Adeleke faces severe backlashes as fans run into a significant loss barely 24 hours after investing in $DAVIDO meme coins.

It would be recalled that the singer launched a meme cryptocurrency which operates on Solana’s blockchain platform.

However, following the buzz around the coin, causing many fans to invest heavily, the singer reportedly cashed out his profit which allegedly crashed the price of $Davido coins.

Sharing a snapshot of the crash, a fan who had invested about $150 worth of the coin woke to only $20 on his account, a fall amounting to 86.6667%.

Fans have since taken to the X platform to accuse Davido of fraud, pouring out their anger for trusting him and investing in the coin.

Reactions as fans make loss on $Davido coin

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 croed. 😭”

Olamide0fficial noted: “Take from the poor to feed the poor. Davido’s math 😂”

thesheddyking penned: “Person say Davido don move from 003 to 419 😭.”

yobrxxzy noted: “Davido as a musician grossed $192k. Davido as an influencer made $473k. Wizkid was right at the end of the day.”

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.”

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.”