The Nigerian pop artist and celebrity, Davido, recently posted several tweets endorsing ‘rapdoge,’ the so-called “first deflationary meme token fully supported by celebrities & rappers.” In one of the tweets, Davido tells his 9.5 million followers to “buy $20, $100 or $1000 worth of rap doge tokens and be ready to make some money.”
Pump and Dump
In a subsequent tweet, Davido, who has previously said he was thinking about starting a bitcoin trading company, asks: “Who listened to me about RapDoge?” Following the artist’s shilling of the coin on July 19, 2021, the rap doge token price surged by more than 100% as interest in the crypto grew. However, at the time of writing, rapdoge, which promoters claim to be the next big meme coin, saw its value return to pre-shilling levels.
In the meantime, it seems the pop artist’s latest endorsement of a crypto asset has not gone over well with some of his followers. As