TechFlow reports that Nigerian singer Davido launched a meme coin $DAVIDO this morning, generating 2,783 $SOL (USD 473,000) in profit within just 11 hours, along with an additional USD 207,000 in unrealized gains.
Eleven hours ago, he received 7.5 $SOL (USD 1,275) as initial capital and spent 7 $SOL (USD 1,190) on pump.fun to purchase 203 million $DAVIDO tokens (20.3% of the total supply).
To date, he has sold 121.88 million $DAVIDO for 2,791 $SOL (USD 474,400). He also sent 20 million $DAVIDO to "dead1111...1111", leaving him with 61.12 million $DAVIDO (worth USD 207K).
Earlier today, Nigerian singer Davido launched the meme coin $DAVIDO, which surged 7,145% within 24 hours.
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