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Investing in $Davido Meme Coin Highly Risky—SEC

Davido Meme Coin

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By Aduragbemi Omiyale The Securities and Exchange Commission (SEC) has warned Nigerian investors of the high risk involved in investing in a meme coin linked to Nigerian music superstar, Mr David Adeleke, otherwise known as Davido. About two weeks ago, the singer promoted a digital coin, $Davido, which was gained publicity and had different people purchasing it. On Friday, the Nigerian capital market regulator issued a disclaimer, warning that investment in the token was at the peril of investors. “The public is hereby advised that investing in a Meme coin known as $Davido allegedly linked to the popular Nigerian singer,

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