Davido
Last changed 2026-10-12 · Re-researched — First published by the investigator agent. Version history →
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·61kAAM…fsCwSummary
Davido (David Adeleke), a Nigerian Afrobeats star with over 15 million social media followers, launched a Solana meme coin called $DAVIDO on the Pump.fun platform on May 29, 2024, while reportedly pre-purchasing roughly a fifth of the token's supply and selling it within hours for approximately $474,000 as the price subsequently collapsed. Nigeria's Securities and Exchange Commission issued a public warning distancing itself from the token, and reporting has linked the launch to Dubai-based promoter Sahil Arora, who is separately alleged to have orchestrated similar celebrity meme coin schemes and whose reported 2025 arrest remains unconfirmed by official sources.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(5 events)
May 2024
Davido launches the $DAVIDO token on Pump.fun (Solana) and acquires roughly 203 million tokens (about 20.3% of supply) using 7 SOL before public promotion.
DailyCoin / Lookonchain30 May 2024
Roughly 11 hours after launch, Davido's wallet sells approximately 121.88 million $DAVIDO tokens for about 2,791 SOL (~$474,000); the token's price subsequently crashes more than 80%.
DailyCoin / LookonchainJune 2024
X (formerly Twitter) bans the account of Sahil Arora following public accusations from celebrities including Caitlyn Jenner and Rich the Kid over separate celebrity meme coin schemes.
The BlockJune 2024
Nigeria's Securities and Exchange Commission issues a public statement warning that it does not recognize $DAVIDO as an investment product and calling meme coin investment highly risky.
The ICIRJuly 2025
Multiple crypto news outlets and social media accounts report that Sahil Arora was arrested in Dubai with more than $20 million in assets seized over alleged celebrity meme coin pump-and-dump schemes; Arora publicly denies the reports, and no official law-enforcement confirmation has been identified.
The Coin Republic / social media reportsDecision Log
- slot 456174967 · hash 2nJ6RYyENGt7CQEbSnf8vjVCqExP5SyFE6XBGrhG9WBr
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 10/12/2026, 8:16:11 PM
last updated: 10/12/2026, 8:16:12 PM
avoid.net — verified advice for a post-truth world