Davido Launches Token, Earns Significant Profit Within Hours

According to Odaily, Davido has launched a token named DAVIDO and has made a profit of 2783 SOL, equivalent to $473,000, within 11 hours. In addition, there is an unrealized profit of $207,000.

Eleven hours prior, he received 7.5 SOL, which is approximately $1275, as startup capital. He then created DAVIDO on pump.fun and spent 7 SOL, or about $1190, to purchase 203 million DAVIDO tokens, which accounts for 20.3% of the total supply.

As of now, he has sold 121.8 million DAVIDO for 2791 SOL, or roughly $474,400.