Meme token DAVIDO raises alarms in the Nigerian crypto community

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.