Nigerian musician Davido has generated significant profits by selling his recently launched meme coin, $DAVIDO, shortly after its release on May 29. Within just 11 hours, Davido made a profit of 2,783 SOL, equivalent to $473K, and his unrealized profit stands at $207K. Despite the initial success, Davido decided to sell off a portion of his tokens, converting 121.88 million tokens into 2,791 SOL, resulting in returns of approximately $474,400. However, the value of $DAVIDO has since plummeted by 95%, leaving many investors disappointed. Despite this setback, the launch of celebrity meme coins has gained traction, but it has also raised concerns among investors about potential pump-and-dump schemes. It should be noted that the content mentioned in this text is purely fictional and should not be considered real news.
Latest
Nigerian singer cashes out massive returns from his new memecoin: $DAVIDO down 95%
