Lady Who Invested N210,000 in $Davido Coin Loses N183,000 as Price Deeps Within 24 Hours

Lady Who Invested N210,000 in $Davido Coin Loses N183,000 as Price Deeps Within 24 Hours

  • A Nigerian lady is in tears after investing her money in $Davido, a new coin meme launched by singer David Adeleke
  • The lady shared a screenshot of her dashboard, showing that she invested $157.68 (N210,000) in the new Davido coin
  • However, within a few hours after she made the investment, the money had tanked to $20.51 (N27,000), according to the lady

A Nigerian crypto investor who bought the Davido Coin meme is sad because she lost a considerable amount of money.

The lady, Itohan, shared her story on X, showing her followers a screenshot of her dashboard.

Lady loses money after investing in $Davido Coin.
The lady lost some money after investing in $Davido coin. Photo credit: X/Itohan, Getty Images/Bloomberg and Instagram/Davido.
Source: UGC

The two photos shared by Itohan showed that she made an initial investment of $157.68 (N210,000) with the hope of raking in profit.

However, her hovcause the price of $Davido tanked within a few hours after she bought it.

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By the time Itohan checked back, her $157.68 (N210,000) had reduced to $20.51 (N27,000).

A simple calculation would show that Itohan made a considerable loss.

She captioned the photos:

"How it started and how it’s going."

She said in the comment section:

"I missed out on the first space. Came online, the PR was good and I thought he had created magic, so I bought the top. 30BG suppose fit run 30M nau. I waited until the midnight space, it was then I knew the mistake I made. The moment he spoke on that space, everyone started selling."

See her post below:

Reactions as lady loses after investing in $Davido

@thesheddyking said:

"Use $20 chop better breakfast, you sef don try."

@Niffwizzy15 said:

"Withdraw the $20, make we use am chop."

@pbtips_ said:

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"Please, vacancy dey your workplace?" Waitress trends as she displays N200k tip customer gave her

"You suppose dey thank God. This $20 go still run one or two."

Man warns investors to trade $Davido coin with caution

Meanwhile, a man had said it would be better to trade with caution while buying a new cryptocurrency called $DAVIDO.

The new coin launched by Nigerian singer Davido is trending online, with cryptocurrency enthusiasts talking about it.

But the Nigerian man said those who invest in the new $DAVIDO coin might have themselves to blame if they don't trade with caution.

Source: Legit.ng

Authors:
Israel Usulor avatar

Israel Usulor (Human-Interest editor) Israel Usulor is a journalist who has 9 years of experience. He worked at The Prime Newspaper and has published articles in TheCable Newspaper. Israel graduated with distinction from Fidei Polytechnic (Mass Commun, 2016). Israel has interviewed Zannah Mustapha, the man who helped negotiate the release of Chibok Girls, and Kunle Adeyanju, who rode a bike from London to Lagos. He covered exclusive stories on Chef Dami during her Guinness World Records cookathon. Email: israel.usulor@corp.legit.ng.

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