SEC Alerts Investors on Risks of Speculative $DAVIDO Meme Coin

1 min read

12 months ago bitnews

The Nigeria Securities and Exchange Commission (SEC) has issued a warning regarding investment in the $DAVIDO meme coin. The coin, associated with popular Nigerian musician Davido, quickly reached a $10 million market cap but lacks substantial investment merit. This development accentuates the speculative risks and lack of regulatory oversight inherent in such digital assets. Discover