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Nigerian Pop Artist Shills Meme Coin and Price Briefly Doubles — Followers Question Artist’s Motives – Altcoins Bitcoin News

The Nigerian pop artist and celeb, Davido, lately posted a number of tweets endorsing ‘rapdoge,’ the so-called “first deflationary meme token absolutely supported by celebrities & rappers.” In one of many tweets, Davido tells his 9.5 million followers to “purchase $20, $100 or $1000 price of rap doge tokens and be able to make some cash.”

Pump and Dump

In a subsequent tweet, Davido, who has beforehand mentioned he was fascinated about beginning a bitcoin buying and selling firm, asks: “Who listened to me about RapDoge?” Following the artist’s shilling of the coin on July 19, 2021, the rap doge token worth surged by greater than 100% as curiosity within the crypto grew. Nevertheless, on the time of writing, rapdoge, which promoters declare to be the subsequent huge meme coin, noticed its worth return to pre-shilling ranges.

Nigerian Pop Artist Shills a Meme Coin and Price Briefly Doubles — Followers Question Artist's Motives

Within the meantime, it appears the pop artist’s newest endorsement of a crypto asset has not gone over effectively with a few of his followers. As a Cryptotvplus report explains, Davido’s shilling of the rapdoge token comes only a few months after Racksterli, a Ponzi scheme that he promoted, which crashed.

When Racksterli tanked, Davido is claimed to have stopped tweeting about it and now a few of his followers consider the celeb could also be making an attempt to do the identical with the rapdoge token.

Combined Reactions to Davido’s Hype

Different Davido followers like Twitter person Daniel Regha insist that the Nigerian artist, who lately launched a tune that options Chris Brown and Younger Thug, wants to make sure a challenge is legit earlier than selling it. Regha tweeted:

Davido u as soon as influenced a Ponzi scheme firm (Racksterli) that allegedly defrauded lots of people so guarantee u run a background verify on Rapdoge so ur followers don’t take u at ur phrase & fall sufferer to scammers the second time. Publicize a model provided that u are sure it’s legit.

Do you suppose Davido’s shilling of rapdoge was accountable for its temporary worth surge on July 19? Inform us what you suppose within the feedback part beneath.

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