A Nigerian woman named Itohan shared her story on social media about losing over N180,000 in a single day after buying the Davido Coin meme.
Itohan initially invested $157.68 (N210,000) in the Davido Coin meme, attracted by its strong marketing and potential for profit.
Unfortunately, the coin’s value plummeted shortly after her purchase. When she checked the value again, it had dropped to $20.51 (N27,000), resulting in a significant loss.
Itohan’s experience highlights the risks associated with investing in volatile and speculative digital assets.
She expressed her disappointment by saying, “How it started and how it’s going.”
In the comments, she clarified her reasons for investing.
“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,” the lady said.
how it started how it’s going 😭 pic.twitter.com/R31WCGokTn
— itohan🦅 (@aideinfluence) May 30, 2024
See some reactions below;
@Mittymartz asked; “How you wan sell this one now ?😂.
“@tobijubril_ ·said; “For real?
@WizzyProTec said; “Otilor.”
@Jbamax said; “Buy more now, e fit gbera this night.”
@thesheddyking said; “Use $20 chop better breakfast, you sef don try.”
@Niffwizzy15 said; “Withdraw the $20, make we use am chop.”
@pbtips_ said; “You suppose dey thank God. This $20 go still run one or two.”
@zamani281 said; “It’s still dipping.”
@AbrahamsGram said; “Chill… Him go soon credit you.”
See below;