Nigerian content creator Sabinus has entered the cryptocurrency arena with the launch of his digital currency, Sabicoin. This announcement follows closely on the heels of Afrobeat musician Davido Adeleke’s introduction of $Davido, another celebrity-backed token that has sparked controversy over financial losses among some followers.

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Sabinus revealed on the X platform that Sabicoin draws inspiration from his instincts as an investor and the widespread popularity of memes featuring him on various social media platforms. In his statement, he emphasized, “Sabicoin is a digital currency inspired by the Investor himself, Sabinus, and the popular use of his memes on several social media platforms.”

The launch of Sabicoin comes amidst concerns raised by supporters who have expressed anxiety over losses incurred with $Davido. Despite these concerns, the introduction of Sabicoin adds to the growing trend of celebrities entering the cryptocurrency space to capitalize on their influence and digital presence.