American singer Jason Derulo is facing criticism after selling thousands of dollars worth of his new cryptocurrency, JASON tokens, despite previously stating he “WILL NEVER SELL.”This revelation comes from analytics firm Bubblemaps, which claims Derulo sold tokens despite his strong public assurances.
The situation is further muddied by Sahil Arora, the JASON token’s co-creator, who insists it’s all part of a planned strategy.
Earlier this week, Derulo launched the JASON token on the Solana blockchain. Following the launch, trading activity surged, leading to a rapid price increase before a subsequent drop, all within minutes.
This price volatility suggests potential manipulation.While the long-term plan behind Derulo’s token sales remains unclear, the incident has sparked debate about celebrity involvement in cryptocurrency and the potential for misleading information.
June 2024, Cryptoniteuae
