The Securities and Exchange Commission (SEC) has issued a warning to the public regarding investments in a meme coin reportedly associated with the renowned Nigerian singer, David Adedeji Adeleke, widely known as Davido.
In an official statement released on Friday and posted on the SEC’s website, the commission strongly advised against investing in this particular cryptocurrency. The SEC emphasized that individuals who choose to invest in the meme coin linked to Davido are doing so at their own risk.
The commission’s statement underscored the high-risk nature of such investments, cautioning the public to exercise due diligence and be aware of the potential financial dangers involved.
Further information will be provided as it becomes available. Stay tuned for more updates on this developing story.
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