The Nigerian pop artist and movie star, Davido, not too long ago 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 with 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 value 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 massive meme coin, noticed its worth return to pre-shilling ranges.
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 movie star could also be making an attempt to do the identical with the rapdoge token.
Blended Reactions to Davido’s Hype
Different Davido followers like Twitter person Daniel Regha insist that the Nigerian artist, who not too long ago launched a track that options Chris Brown and Younger Thug, wants to make sure a venture 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 examine 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 value surge on July 19? Inform us what you suppose within the feedback part beneath.
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