Davido Coin: Man Warns Traders to Be Careful of $DAVIDO Meme Crypto Trending on Social Media

Davido Coin: Man Warns Traders to Be Careful of $DAVIDO Meme Crypto Trending on Social Media

  • A man has said it would be better to trade with caution while buying a new cryptocurrency called $DAVIDO
  • The new coin launched by Nigerian singer Davido is trending online, with cryptocurrency enthusiasts talking about it
  • But the Nigerian man said those who invest in the new $DAVIDO coin might have themselves to blame if they don't trade with caution

Cryptocurrency experts are reacting to the introduction of $DAVIDO coin, a new crypto meme launched by singer David Adeleke.

However, a Nigerian man has warned that it would be better to exercise caution when trading the new coin.

Davido launches crypto meme.
The man said tactics should be used while investing in Davido Coin. Photo credit: Instagram/Davido and Getty Images/ArtistGNDphotography/Bloomberg.
Source: UGC

Many cryptocurrency enthusiasts on social media are reacting to the introduction of the new $DAVIDO meme coin.

In a post, the Nigerian man, OurFavOnlineDoc, advised traders not to rush the new coin without proper tact. He said those who buy the coin and are not tactical cryptocurrency experts could lose their money.

Read also

Davido's N300m donation: Coalition of orphanages tenders appreciation to singer amid new coin launch

His words:

"Please be careful of that $davido coin. 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 bushbaby."

See the post below:

Reactions as Davido launches cryptocurrency meme

@Jt4F said:

"Stop scaring away the prospective EL."

@DjYupzy said:

"The rich want to continue getting rich at the expense of the poor, meme coin don turn wetin everybody dey buy lol."

@floraD_explorer said:

"Boss remove that bush baby. Person wei cry like that suppose be admitted for LUTH."

@papilayi said:

"No sensible person will believe that they’ll get rich in this manner."

@Izuchukwuokide said:

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"Which one is DAVIDO coin again?"

@Babatunde1718 said:

"Make dem no learn."

Lady mines coins on Tapswap

Meanwhile, a Nigerian lady said she decided to start coin mining on Tapswap so that she would benefit if it paid participants.

Ose Sweet said when Notcoin started, people rushed to mine coins on the app, but she refused to participate.

According to her, Notcoin later paid some people she knew, noting that someone made N368,000 from it.

Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.

Source: Legit.ng

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Israel Usulor (Human-Interest editor) Israel Usulor is a journalist who has 9 years of experience. He worked at The Prime Newspaper and has published articles in TheCable Newspaper. Israel graduated with distinction from Fidei Polytechnic (Mass Commun, 2016). Israel has interviewed Zannah Mustapha, the man who helped negotiate the release of Chibok Girls, and Kunle Adeyanju, who rode a bike from London to Lagos. He covered exclusive stories on Chef Dami during her Guinness World Records cookathon. Email: israel.usulor@corp.legit.ng.

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