ChainCatcher news, according to Cointelegraph, African pop star Davido's management of his newly launched meme token DAVIDO has drawn criticism from the Nigerian cryptocurrency community.Many believe that selling off the tokens may soon become part of his plan. Local cryptocurrency expert Rume Ophi believes that Davido could have taken a more strategic approach by advocating for regulatory clarity and exchange licensing in the Nigerian cryptocurrency space, rather than launching his own token.

ChainCatcher news, according to Lookonchain monitoring, Davido has launched a token named DAVIDO, and has made a profit of 2783 SOL (approximately $473,000) within 11 hours, with an unrealized profit of $207,000.It is reported that 11 hours ago, he received 7.5 SOL (approximately $1,275) as startup capital, created DAVIDO on pump.fun, and spent 7 SOL (approximately $1,190) to purchase 203 million DAVIDO (accounting for 20.3% of the total supply).So far, he has sold 121.8 million DAVIDO for 2791 SOL (approximately $474,400).