The Nigerian crypto community has issued a warning against Meme token Davido

On May 30th, African pop star Davido's stewardship of his newly launched meme token DAVIDO has drawn criticism from the Nigerian cryptocurrency community, with many believing that selling the token could soon become part of his plan. Local cryptocurrency expert Rume Ophi believes that Davido could have taken a more strategic move to advocate for regulatory clarity and exchange licensing in the Nigerian cryptocurrency space, rather than launching his own token.