Grammy-winning Nigerian singer, Wizkid, on Thursday threw a shade at his colleague and Afrobeat star, Davido after the value of the latter’s meme coin, $DAVIDO, plummeted by 90% shortly after its launch.
TheNewsGuru.com reports that Davido born David Adedeji Adeleke on Wednesday, 29th May Introduced the meme coin operating on the Solana blockchain.
Initially, the singer’s meme coin saw a huge surge, reaching a $10 million market capitalisation within four hours, and gaining significant attention on DEX Screener.
However, the excitement was short-lived, after the coin’s value began to depreciate drastically by the next day, Thursday, May 30.
The disappointing downturn of the coin’s value sparked widespread criticism and disappointment among Davido’s fanbase, with many accusing the singer of misleding them as they have incurred financial losses.
lidocaine_v2: “Where is my money? I used my japa funds to invest in $DAVIDO like you advised. Give me my money back”
Ugochukwu_96: “I just pity all those who invested in the rubb!sh coin of yesterday. Many people lost their hard-earned money because they are too stubborn.Today you’re giving to the orphanage to receive public praise. Same script all the time Take from Peter and give Paul. No wahala na onchain “
Tobichoplife: “This ended in tears for your fans and a lot of people”
Reacting to the development, Wizkid via the microblogging platform, X formerly Twitter on Thursday wrote, “Work smart make u no go dey hustle like fool.”