Traders Speculate Scam As Solana Welcomes $DAVIDO

The post Traders Speculate Scam As Solana Welcomes $DAVIDO appeared first on Coinpedia Fintech News

The renowned Afrobeat sensation Davido has captivated his fans by delving into the crypto realm by introducing his exclusive memecoin $DAVIDO. Davido has achieved the top position on the DEX screener, operating on Solana’s blockchain platform. After Solana officially welcomed him, Davido wrote: “The King of SOL is here! $DAVIDO.” while fans from Nigeria quickly invested, some speculated that it might be a scam. ZachXBT pointed out that Davido promoted some Ponzi scheme projects. A crypto trader also claimed it to be a pump-and-dump scheme.