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Davido’s meme coin crashes over 90% in value in 24 hours

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Nigerian Afrobeat singer, David Adeleke, popularly known as Davido, has announced his presence in the cryptocurrency world with the introduction of his own meme coin, $Davido.

However, his meme coin has faced significant criticism from Nigerians after its value plummeted just a day after its release.

The Pump.fun platform, the coin quickly garnered attention but saw a steep decline of over 93 percent in its value, trading at $0.000010 as of Thursday morning.

The launch of $Davido, will mark Davido’s third go-around in crypto after he had earlier backed and promoted “Timeless Davido” crypto token with the release of his globally acclaimed album last year.

The $Davido coin was launched on the Solana blockchain and immediately broke through the noise of other obscure crypto tokens.

The platform which welcomed the rollout of the coin said on X (formerly Twitter): “Solana just ships. Welcome Davido,” as the $Davido raced to a $10 million market capitalisation four hours after its launch and by Thursday, had continued to soar with several celebrities endorsing the coin.

The excitement on the $Davido was short-lived as its valuation had dipped 90 and per DEX screener, the coin’s liquidity was $291,000 at the time of this report.

According to Lookonchain, Davido created the token on May 29 using the popular memecoin launchpad Pump.fun. The singer received 7.5 SOL ($1,275) as start-up capital and spent 7 SOL ($1,190) to buy 203 million DAVIDO (20.3% of the total supply, and barely 11 hours after creating the meme coin and promoting it on his X (formerly Twitter) social account, the singer had gained 15.3 million followers while offloading 121.88 million and generating about $474,400 from the sale.

This was not the “Unavailable” crooner’s first crypto rodeo. In November 2021, he had launched $echoke on the Binance Smart Chain which he said was to “provide access to giveaways, NFTs, festivals, exclusive merchandise, and other entertainment, media, and hospitality benefits.”

He also promoted Racksterli, a Ponzi scheme that allegedly defrauded users of N1 billion, on YouTube, prompting serious backlash from Nigerians.

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I almost dumped music for lecturing – Fuji star, Ayuba

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Popular Fuji musician, Adewale Ayuba, has said he chose Jesus Christ because he proclaimed, ‘I am the truth, the way, and the life.’

He also revealed how he almost gave up his interest in music, relocated to America, and became a citizen of the United States.

Ayuba, in a chat with Teju Babyface on Tuesday, where he spoke about his career, religion, and marriage, disclosed that he and his band member travelled to America for their three-month summer show in 1995, but could not return to Nigeria due to threats from late military head of state, Sani Abacha.

The singer said he was threatened by the military government after he released an album advocating for the freedom of political detainees, particularly the late Moshood Abiola.

The Fuji star said while in the US, he enrolled in school and almost gave up interest in music to pursue a career in academics.

Ayuba said after Abacha’s demise, he returned to Nigeria to perform at the Benson and Hedges Concert in 1998.

“I left for America with my full band members in 1995 for a summer show and others. We came to America for about three months and then returned to Nigeria.

“I returned to Nigeria in 1998 when Abacha died. The three years I stayed in America were by the grace of God because he is a good planner.

“When I was in America, I realised that I could only perform shows on weekends. My Mondays to Fridays were free. So, I enrolled in school. That was where I met my wife.

“After that, I took part in a lot of activities. Doing so was like building another foundation in America. That was not easy. From there, I completed my documentation and became an American citizen.

“I don’t see myself continuing in Fuji music, I believe I have done well. This is America, there’s more to explore in life, trusting that God has a plan,” he said.

Speaking about his decision to convert from Islam to Christianity, Ayuba revealed that his decision was because he wanted “to be closer to God more than anything” but didn’t understand Arabic and was unable to pray in the language.

This, he said, prevented him from practising Islam, adding that he would always invite clerics to pray on his behalf.

He also said he was inspired by verses from the Bible quoting Jesus Christ as saying, “He is the way, truth, and life”.

Ayuba said the day he became a Christian was the happiest day of his life.

He explained that he prefers to worship where he “feels closest to God,” and that his choice of becoming a Christian “brings me happiness”.

“People claim Ayuba is a Muslim. Have they seen me in the mosque? If I were practising Islam, wouldn’t someone have noticed,” he said.

“Why is this an issue? Can they let me be? They say I should pray five times daily, but I’m not. My mother is an Alhaja, and although my father never went to Mecca, we practise Islam at home.

“So, my name is Ayub, which is Job in the Bible. It’s not that being a Muslim is good or bad. When I was practising Islam, I had to call some Chief Imams and Alfas to help me talk to God because I didn’t understand Arabic.

“I then asked myself, am I going to continue this, despite all that God has done for me, needing others to intercede on my behalf?

“There isn’t an album of mine where I haven’t referenced Muslim words. We all worship God. To me, religion is akin to education.

“I chose Jesus Christ because he proclaimed, ‘I am the truth, the way, and the life’. This is my personal choice, and it brings me happiness.

“Many of my band members are Muslims, and we pray together. I was unable to attend Arabic school due to my profession. I prefer to worship where I feel closest to my God.”

On his music career, Ayuba who said his parents were not favourably disposed to him going into music and entertainment, explained that he opted for Fuji music because the cost to acquire the instruments was invariably low compared to other kinds of music.

He said, “My parents didn’t want me to go close to entertainment talk less of singing because they believed once you’re doing this kind of thing, you would not be a good child anymore, you would be smoking, drinking and all atrocities. They come with that kind of business and I know that I have the talent.

“To acquire the instrument is just like peanuts, all you need is local drums, you don’t need a keyboard or guitar, so it’s easier to go into that kind of music. My parents were not ready to send me to music school. That was the reason I went into Fuji music.”

Asked if truly he almost lost interest in Fuji music, Ayuba confirmed, saying, “True, true true, particularly the kind of genre that I met myself singing Fuji. I’ve started developing a kind of interest in my education. From day one, if anybody asked me what would I wanted to become in life, I would love to become a lecturer or teacher. I can’t lie to you.

“I was thinking if I finished my bachelor’s degree, I would go for my master, and P.hD to be a lecturer. I don’t want the level of being a Fuji musician, I believe I’ve done well, and I’m OK, this is America, let me choose another line.”

Speaking of his dedication to marriage, Ayuba said he met his wife in America and remained committed to his union because he feared God and would live by His rule.

“Marriage is ordained by God and once you’ve decided to go into it, you obey the rules; the rules that come from God. They say, ‘The fear of God is the beginning of wisdom’, so if I do anything contrary to the rules of marriage, it will affect my career and everything. I’m not going to offend my wife, I’m not going to offend my God, that is it,” he said.

Ayuba released his first album, ‘Ibere (Beginning)’ in 1986, but said he began his music career as early as when he was seven years old.

The 59-year-old singer is famous for albums such as ‘Bubble’, ‘Turn Me On’, ‘Ijo Fuji’, and ‘Koloba Koloba’.

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FULL LIST: Angelina Jolie, Alicia Keys, others win big at 2024 Tony Awards

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The duo of Angelina Jolie and Daniel Radcliffe won their first-ever Tony Awards at the Lincoln Center last night.

Angelina Jolie-produced ‘The Outsiders: A New Musical’ took home the gong for best musical.

She is now halfway to EGOT status.

Daniel Radcliffe won the award for Best Featured Actor in a Musical for his role in ‘Merrily We Roll Along.’

However, David Adjmi’s film, ‘Stereophonic’ was the biggest winner at the 2024 Tony Awards, winning five out of its 13 nominations.

Branden Jacobs-Jenkins’ ‘Appropriate’ won three awards while Alicia Keys’ ‘Hell’s Kitchen’ managed two from its 10 nominations.

Jack O’Brien and George C. Wolfe received a Special Tony Award for Lifetime Achievement in the Theatre.

Abe Jacob, Alex Edelman, and Nikiya Mathis also received a Special Tony Award.

Colleen Jennings-Roggensack, Dramatists Guild Foundation, Judith O. Rubin, The Samuel J. Friedman Health Center for the Performing Arts, Wendall K. Harrington, and The Wilma Theater were honoured for Excellence in the Theatre.

Here is the full list of winners:

Best Play

Mary Jane
Mother Play
Prayer for the French
Stereophonic WINNER
Jaja’s African Hair Braiding
Republic

Best Musical

Suffs
Water for Elephants
The Outsiders WINNER
Hell’s Kitchen
Illinois

Michael Stuhlbarg for the Patriots

Best Performance by an Actress in a Leading Role in a Play

Betsy Aidem for Prayer for the French Republic
Jessica Lange for Mother Play
Sarah Paulson for Appropriate WINNER
Rachel McAdams for Mary Jane
Amy Ryan for Doubt: A Parable

Best Performance by an Actor in a Leading Role in a Musical

Jonathan Groff for Merrily We Roll Along WINNER
Brody Grant for The Outsiders
Dorian Harewood for The Notebook
Brian d’Arcy James for Days of Wine and Roses
Eddie Redman
Jiyoun Chang for Stereophonic
Natasha Katz for Grey House

Best Lighting Design of a Musical

Brian MacDevitt and Hana S. Kim for The Outsiders WINNER
Brandon Stirling Baker for Illinois
Justin Peck for Illinois WINNER
Camille A. Brown for Hell’s Kitchen
Jesse Robb and Shana Carroll for Water for Elephants
Rick Kuperman and Jeff Kuperman for The Outsiders
Annie-B Parson for Here Lies Love

Best Orchestrations

Jonathan Tunick for Merrily We Roll Along WINNER
Timo Andres for Illinois
Tom Kitt and Adam Blackstone for Hell’s Kitchen
Will Butler and Justin Craig for Stereophonic
Justin Levine, Matt Hinkley and Jamestown Revival (Jonathan Clay and Zach Chance) for The Outsiders

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BBNaija Doyin admits being ‘fake’ on reality show

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Controversial Big Brother Naija reality star Doyinsola Anuoluwapo David, simply known as Doyin, has admitted that she “faked” her character during her first appearance on the reality show in the ‘Level Up’ edition in 2022.

She disclosed this while featuring on a recent episode of the CreativiTEA podcast hosted by Lynda.

“My first run wasn’t my best run, to be honest. I have been on the show twice, and I came out of the show, and I hated it. I was fake. I came out with the narrative that Doyin is too mature. She is always trying to talk things out; that’s not really me oo. In real life, I fight,” she confessed.

Elsewhere on the podcast, Doyin recounted how a brand terminated her contract because of an interview she granted.

The reality star said, “There is no bad or good brand. I had a brand that dropped me. They had signed me and paid me the money, but they called and asked for a refund, and it was because of an interview I did. And to be fair to them, I deserved to be dropped because why did I talk?”

Doyin was among the former Big Brother Naija housemates that returned to the House for the All Stars edition last year.

She was heavily criticised for being “a talkative”.

After her eviction, Doyin claimed that Nigerians are not ready for a reality TV show, slamming fans for voting against her because of her outspoken nature

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