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Davido initially addressed the matter when some supporters claimed to have lost money by buying in the coin.

He discussed $Davido coins and urged his fans to join the linked community on the X platform, which was once known as Twitter.

“Join the community $DAVIDO! More spaces coming soon and you’ll be REALLY excited by who we got coming up next! @davidotoken_sol,” he said.

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Davido further emphasized his involvement and transparency by sharing another post detailing a recent event where he demonstrated the use of his cryptocurrency.

He mentioned “Those who joined the space with me and @blknoiz06 got to witness me creating my @phantom wallet and receive $100 via the @solana network in a matter of seconds!”

This series of posts is Davido’s first public engagement on the issue since allegations of fraud and mismanagement started circulating.

Netizens Reactions…

MayJaYBaE noted: “We don’t want $100 we want our money Giveaway no fit do this one.”

b_pastor1 said: “001 your coin turned out to be a scam. Nigerians are not happy with you.”

BlessingGives added: “Oga rest. Nigerians don cancel you ❌”

osere_x said: “So your 30billion for account don finish , you come start ponzi .”

realFejiro added: “I pity those of you that will be ruged you guys never learn.”

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