The launch of $DAVIDO coincides with the rising popularity of other meme coins like Tapswap in Nigeria, capturing significant attention from crypto enthusiasts across the country. Within hours of its launch, $DAVIDO soared to the top spot on DEX Screener, reflecting the strong support from Davido’s fanbase.
The DMW label owner’s foray into cryptocurrency follows his earlier remarks about his family’s wealth and his interest in digital finance. His latest venture has sparked a variety of reactions on social media, with fans showing both excitement and skepticism.
Several of Davido’s supporters have already invested in the new meme coin, expressing their loyalty and optimism for its future. Comments ranged from humorous takes on the coin’s potential to serious debates about its legitimacy.
One fan, identified as emmylucre, humorously commented, "30bg without Grammy is 30naira," while another user, richdahkids, noted, "We all know our laye na attention seeker but we still love am like that." The enthusiasm from his supporters underscores Davido's influential presence in both music and digital finance.
Davido’s move into the crypto space comes amid a broader trend of meme coins gaining traction in Nigeria, with Tapswap being a notable example. The singer’s initiative reflects a growing interest among Nigerian celebrities in leveraging their brand power within the cryptocurrency market.
In addition to his latest venture, Davido recently shared insights into his financial activities during an interview with Zane Lowe. He revealed that he made approximately $1.1 million from a concert at the Capital One Arena in Washington, DC, and reinvested a significant portion back into production, highlighting his commitment to innovation and growth.
As the cryptocurrency market continues to evolve, Davido's $DAVIDO coin is set to become a notable player, driven by his massive fanbase and the ongoing crypto wave in Nigeria.
