{"id":173479,"date":"2024-05-30T17:01:20","date_gmt":"2024-05-30T17:01:20","guid":{"rendered":"https:\/\/www.withinnigeria.com\/entertainment\/?p=173479"},"modified":"2024-05-30T20:58:55","modified_gmt":"2024-05-30T20:58:55","slug":"davido-named-fraudster-as-fans-make-severe-loss-on-davido-coins","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/entertainment\/2024\/05\/30\/davido-named-fraudster-as-fans-make-severe-loss-on-davido-coins\/","title":{"rendered":"Davido named \u2018fraudster\u2019 as fans make severe loss on $Davido coins"},"content":{"rendered":"<ul>\n<li><strong>Davido had launched a meme cryptocurrency\u00a0which operates on Solana\u2019s blockchain platform.<\/strong><\/li>\n<li><strong>Following the buzz around the coin, causing many fans to invest heavily, Davido reportedly cashed out his profit which allegedly crashed the price of $Davido coins<\/strong>.<\/li>\n<\/ul>\n<hr \/>\n<p>Nigerian Afrobeat singer Davido Adeleke is facing heavy criticism from fans after they suffered significant financial losses following their investment in his $DAVIDO meme coins.<\/p>\n<p>The<a href=\"https:\/\/www.withinnigeria.com\/entertainment\/2024\/05\/30\/davido-launches-his-own-meme-coin-davido\/\"> cryptocurrency, which operates on Solana&#8217;s blockchain platform, was launched by the singer<\/a>, but its value plummeted shortly after fans invested heavily.<\/p>\n<p>The sudden crash in value resulted in fans losing a big amount of money, with one investor sharing a screenshot of their account showing a loss of over 86% of their initial investment of $150, leaving them with only $20.<\/p>\n<p>This has led to an outpouring of anger and disappointment on social media platforms, with many fans accusing Davido of fraudulent act and expressing regret for trusting him and investing in the cryptocurrency.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-173506\" src=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215603.jpg\" alt=\"\" width=\"719\" height=\"1175\" srcset=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215603.jpg 719w, https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215603-184x300.jpg 184w, https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215603-627x1024.jpg 627w\" sizes=\"(max-width: 719px) 100vw, 719px\" \/> <img decoding=\"async\" class=\"alignnone size-full wp-image-173507\" src=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215726.jpg\" alt=\"\" width=\"720\" height=\"1156\" srcset=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215726.jpg 720w, https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215726-187x300.jpg 187w, https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/Screenshot_20240530-215726-638x1024.jpg 638w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/p>\n<p>See reactions from Davido&#8217;s fans<\/p>\n<p><strong>aideinfluence<\/strong> said: \u201cI 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. \ud83d\ude2d\u201d<\/p>\n<p><strong>Olamide0fficial<\/strong> noted: \u201cTake from the poor to feed the poor. Davido\u2019s math \ud83d\ude02\u201d<\/p>\n<p><strong>thesheddyking<\/strong> penned: \u201cPerson say Davido don move from 003 to 419 \ud83d\ude2d.\u201d<\/p>\n<p><strong>yobrxxzy<\/strong> noted: \u201cDavido as a musician grossed $192k. Davido as an influencer made $473k. Wizkid was right at the end of the day.\u201d<\/p>\n<p><strong>UnkleAyo<\/strong> stated: \u201cI 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\u2019s also not a \u201cfirst offender\u201d. He\u2019s not poor. I don\u2019t know why he\u2019s moving like a fool and a fraudster.\u201d<\/p>\n<p><strong>FaruqBashar<\/strong> added: \u201cDavido 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Davido had launched a meme cryptocurrency\u00a0which operates on Solana\u2019s blockchain platform. Following the buzz around the coin, causing many fans to invest heavily, Davido reportedly cashed out his profit which allegedly crashed the price of $Davido coins. Nigerian Afrobeat singer Davido Adeleke is facing heavy criticism from fans after they suffered significant financial losses following [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":173483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"94000","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"3","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[3,1],"tags":[28070,29,28071],"class_list":["post-173479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-celebrities","category-general","tag-block-chain","tag-davido","tag-meme-coins"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Davido named \u2018fraudster\u2019 as fans make loss on $Davido coins<\/title>\n<meta name=\"description\" content=\"Davido Adeleke is facing criticism from fans after they suffered financial losses following their investment in his $DAVIDO meme coins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/entertainment\/2024\/05\/30\/davido-named-fraudster-as-fans-make-severe-loss-on-davido-coins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Davido named \u2018fraudster\u2019 as fans make severe loss on $Davido coins\" \/>\n<meta property=\"og:description\" content=\"Davido had launched a meme cryptocurrency\u00a0which operates on Solana\u2019s blockchain platform. Following the buzz around the coin, causing many fans to invest\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/entertainment\/2024\/05\/30\/davido-named-fraudster-as-fans-make-severe-loss-on-davido-coins\/\" \/>\n<meta property=\"og:site_name\" content=\"ENTERTAINMENT \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T17:01:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-30T20:58:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2024\/05\/GridArt_20240530_174255200-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sopuru\" \/>\n<meta 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