Famous Musician Launched His Own Altcoin and Earned Half a Million Dollars
The famous Nigerian musician created his own cryptocurrency and earned half a million dollars in a few hours.
According to the sharing of Blockchain analysis platform Lookonchain, famous musician Davido has issued a token called DAVIDO, which bears the same name as him. Thanks to the token, Davido earned 2 thousand 783 Solana ($473 thousand) in 11 hours.
It was announced that Davido's unrealized profit was 207 thousand dollars.
The musician, who created the DAVIDO token on pump.fun, spent only 7 SOL ($1,190) to buy 203 million DAVIDO. This corresponds to 20.3% of the token's total supply.
The musician has sold a total of 121.88 million DAVIDOs so far. He still keeps 61.12 million DAVIDO in his wallet.