Nigerian pop artist and celebrity Davido recently posted several tweets in support of “rapdoge”, the so-called “first deflationary meme token fully supported by celebrities and rappers.” In one of the tweets, Davido told his 9.5 million followers “Buy Rap Dog tokens worth $20, $100, or $1,000 and be ready to make money.”

Pump and dump

in a Subsequent tweetsDavido, who had previously stated that he was considering starting a Bitcoin trading company, asked: “Who listened to me about RapDoge?” After the artist cashed out the coin on July 19, 2021, as interest in cryptocurrencies increased, Rap Dog Token The price has soared by more than 100%. However, at the time of writing, the value of rapdoge, which the promoter claims to be the next large meme coin, has returned to its pre-shilling level.

Nigerian pop artist ordered a Meme coin, and the price briefly doubled-followers questioned the artist’s motives

At the same time, the popular artist’s recent recognition of crypto assets does not seem to be recognized by some of his followers. As explained in a report by Cryptotvplus, Davido’s shilling of rapdoge tokens occurred months after the collapse of Racksterli (the Ponzi scheme he promoted).

When Racksterli was in trouble, Davido was said to have stopped tweets about the matter, and now some of his followers believe that the celebrity may be trying to do the same with the rapdoge token.

Mixed reactions to Davido’s hype

Twitter user Daniel Regha and other Davido fans insist that the Nigerian artist recently released a song featuring Chris Brown and Young Thug, and needs to make sure the project is legal before promoting it.Rega Tweet:

Davido, you have influenced a Ponzi scheme (Racksterli) that allegedly deceived a lot of people, so please make sure you conduct a background check on Rappogge so that your followers will not believe your words and become a scammer for the second time victim. Promote a brand only if you are sure it is legal.

Do you think Davido’s rapdoge shilling was the reason for its short price spike on July 19? Tell us what you think in the comments section below.

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