The crypto coin was launched on Wednesday, May 29, 2024, generating excitement among his fans and enthusiasts.
Davido partnered with prominent blockchain platforms Phantom and Solana to achieve his ambition.
TimesNow.com.ng understands that the coin, which was priced at $0.007783 at launch, quickly gained popularity after its release to the public.
The excitement helped push $DAVIDO market capitalisation to $10 million within four hours, gaining significant attention on DEX Screener, the Nation reports.
However, the initial euphoria was short-lived, as the coin crashed drastically on Thursday, May 30, 2024.
Data shows that, at the time of writing, the value of the Davido coin has dropped by 91.95%, selling for $0.00001261.
Davido seems not to have given up and has used its strong social media presence to promote the coin.
The swift decline in the Davido coin has sparked reactions from Nigerians.
lidocaine_v2 wrote:
Ugochukwu_96 also said:
Tobichoplife he added:
Chiemex also commented:
Crypto expert Lucky Inikori chatted with TimesNow.com.ng and explained that the performance of the Davido new coin is usual.
Meanwhile, a Nigerian youth happily showcased the air conditioner he purchased thanks to earnings from Notcoin.
He posed with the AC and urged crypto enthusiasts to keep tapping to take advantage of Tapswap mining.;
Source: TimesNow.com.ng
