In a recent development, popular online doctor known as OurFaveOnlineDoc on Twitter has issued a stern warning to netizens about investing in Davido’s new meme coin, $Davido.
The doctor cautioned that without expertise in cryptocurrency, investors could easily lose their money in a split second.
OurFaveOnlineDoc emphasized,
Please be careful of that Davidocoin. If you are not a tactical expert on cryptocurrency, you will lose your money in a split second. This is not financial advice. This is only telling you if you don’t do your own research and just follow blindly, you will cry like a bush baby.”
In the wake of this warning, fellow Nigerian music star Wizkid also reacted to Davido’s latest investment, seemingly throwing shade at his rival. Wizkid urged the public to work smart, implying that those who do not might end up hustling without benefit. He stated,
Work smart, make you no go Dey hustle like fools.”
Netizens believe Wizkid’s comments were directed at Davido, who has faced significant backlash since the launch of his new crypto investment. The release of $Davido, launched on the Solana blockchain, initially garnered a lot of attention. However, the excitement was short-lived as the token’s utility remains unclear and its use cases appear to be linked to an obscure website and Telegram group.
Just hours after its launch, the coin’s valuation dipped, with its liquidity currently standing at $291,000 at the time of this report. This decline highlights the volatile nature of meme coins and the risks associated with investing in them without proper knowledge and research.
Also Read: Fan Frames Twitter Exchange with Davido, Celebrates Idol’s Impact
