Popular Nigerian artist, David Adeleke, popularly known as Davido, has ventured into the cryptocurrency arena by launching his own meme coin, $Davido.

The coin, which was announced on Wednesday, May 29, 2024, is currently priced at $0.007783 USD and has quickly gained popularity, ranking number one on DEX screener.

Davido has partnered with prominent blockchain platforms Phantom and Solana to bring his vision to fruition.

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LEADERSHIP reports that since its release, the $Davido meme coin has been on an upward trend, attracting significant interest from fans and investors.

Taking to his verified X handle (formerly Twitter), Davido wrote: “It’s just ME! #1 on DexTools.”

After Solana officially welcomed him, Davido wrote: “The King of SOL is here! $DAVIDO.”

While the coin’s performance is closely being monitored, people are eager to see its looming fate in the competitive cryptocurrency market.