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.