🚀 Celebrity Tokens: Trendy Investment or Luxurious Rug Pull? 🤔
🎤 Nigerian superstar #Davido recently launched his $DAVIDO token, which spectacularly crashed a day after its debut. 💥
📉 The token plummeted by over 93%, hitting $0.000010 from its peak. On-chain data revealed Davido was cashing out, according to Lookonchain. 🎭
💰 Davido created his token using the Pump.fun platform, turning 7.5 Solana ($1,275) into 203 million #DAVIDO tokens. He sold some, making over $473k in profit, with an unrealized profit of $207k. 🎉
🎵 With over 15M followers on X and nearly 4M #YouTube subscribers, Davido is a global music sensation. His hit "Fall" has 285M views.
👀 It seems that celebrities do not shy away from the opportunity to rug pull some money from trusting fans. 🧐
