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AMILOADED MEDIA HUB NEWS UPDATE
Netizens have expressed their frustration after the value of Davido’s meme coin, $DAVIDO, plummeted by 90% shortly after its launch.
The Grammy nominee David Adedeji Adeleke, popularly known as Davido, introduced the meme coin on Wednesday, May 29, operating on the Solana blockchain.
Initially, $DAVIDO saw a surge, reaching a $10 million market capitalisation within four hours, and gaining significant attention on DEX Screener.
However, the excitement was short-lived, as the coin’s value had drastically dropped by the following morning, Thursday, May 30.
The swift decline in the coin’s value has sparked widespread criticism and disappointment among Davido’s fanbase, many of whom feel misled and have incurred financial losses as fans and investors took to his comment section to express their disappointment and frustration:
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