Ayo Balogun, the Nigerian music sensation known as Wizkid, has ignited a firestorm of controversy across the internet amidst reports of the downturn in the value of his music foe, David’s freshly minted meme coin, $DAVIDO.
On Wednesday, May 29, the Grammy-nominated artist made headlines by unveiling the meme coin, which operates on the Solana blockchain, sending ripples of excitement throughout the cryptocurrency community.
Initially, $DAVIDO experienced a meteoric rise, soaring to a market capitalization of $10 million within a mere four hours, capturing the spotlight on DEX Screener and drawing significant interest from investors and enthusiasts alike.
However, the euphoria was short-lived, as the coin’s value took a nosedive by Thursday, May 30.
A significant portion of Nigerians aired their discontent as they observed the value of Davido’s meme coin fell by a whopping 90% shortly after its highly anticipated launch.
Amidst this financial chaos, Wizkid seized the opportunity on Elon Musk’s X platform to share his insights. The renowned “Made in Lagos” artist urged the public to opt for smart work instead of mindlessly hustling like fools.
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On April 29, 2024, Wizkid and Davido resumed their long-standing beef as the duo brutally dragged each other online.
Big Wiz engaged fans on X. Wizkid’s rare time online wouldn’t be without controversy as he referred to Don Jazzy as an influencer and also trolled Davido by posting the viral video where he was crying on his knees as an example of how fans should beg him (Wizkid) for new music.
Davido replied by saying the streets have gotten Wizkid’s music while also calling him a sick man and daring him to drop a solo track.
