Afrobeat singer, Davido has captivated the interest of fans and followers by announcing the creation of his very own meme coin, $DAVIDO.
The news was made on the microblogging platform X, where Davido uploaded a screenshot of his coin, which is built on Solana's blockchain technology.
Surprisingly, $DAVIDO has already risen to the top rank on DEX Screener.
Davido wrote, "It's just me!" #1 in DexTools."
Following this, Solana's official account greeted Davido, to which he replied, "The King of SOL has arrived! $DAVIDO."
The event has received a lot of attention, particularly from Davido's Nigerian followers.
Many admirers have swiftly invested in the new meme coin, leading to a flood of favorable testimonials applauding the business.
However, amid the excitement, there have also been voices of skepticism, with some speculating about the legitimacy of the coin and raising concerns about a potential scam.