Davido ventures into cryptocurrency with launch of meme coin $Davido

Nigerian music star David Adeleke, popularly known as Davido, has entered the cryptocurrency market by launching his own meme coin, $Davido.

Announced on Wednesday, May 29, 2024, the coin is currently priced at $0.007783 USD and has rapidly gained popularity, securing the top spot on DEX screener.

Davido has partnered with leading blockchain platforms Phantom and Solana to realize his vision.

Since its release, the $Davido meme coin has been on an upward trajectory, attracting substantial interest from fans and investors alike.

Taking to his verified X handle (formerly Twitter), Davido wrote, “It’s just ME! #1 on DexTools.”

Following Solana’s official welcome, Davido added, “The King of SOL is here! $DAVIDO.”

While the coin’s performance is being closely monitored, the cryptocurrency community is eager to see how it will fare in the competitive market.