Jason Derulo Sold JASON Tokens Despite Promises
Jason Derulo sold his JASON tokens despite promises not to, while co-creator Sahil Arora claims it was an “orchestrated” plan, reports Bubblemaps.
Bubblemaps, an analytics company, says that American singer Jason Derulo sold thousands of dollars worth of his brand-new cryptocurrency token JASON, even though he said many times that he “WILL NEVER SELL.”
Sahil Arora, one of the controversial people who helped make the coin, explained that it was all part of a “well-thought-out” plan.
This week, Derulo (real name Jason Desrouleaux) shared a contract address for the Solana-based token on X on June 23. This caused a lot of trading to happen, and the price of the token went up and down quickly, as shown by DEX Screener.
After a few hours, Derulo said that Sahil Arora, the famous memecoin promoter and alleged serial scammer, “got me” and promised to “do everything in my power to send this shit to the moon.”
Bubblemaps wrote on X on June 24: “Despite what he says, we doubt Sahil was able to trick Jason Derulo.”
It claimed to have found wallets linked to Arora that held half of JASON's supply. These wallets “dumped almost everything” and made $180,000 after Derulo's first post sharing the token.
Bubblemaps said a wallet it said belonged to Derulo and “received tokens directly from” Arora's wallet had sold around $20,000 worth of the token, even though Derulo had said in at least three posts that he wouldn't sell his tokens.
“Derulo's actions don't really match someone who got fooled,” Bubblemaps said.
“He immediately asked Ansem for a Space, hyped his community, hinted at burning tokens, and launched buy competitions,” it added.
Bubblemaps said that “it's all planned, we both have skin in the game, and people with [brain emoji] can see that easy.” Arora told Cointelegraph that.
Bubblemap said that the bag it showed was Derulo's, and Arora agreed with them.
When asked how the fact that Derulo was selling his token fit into the plan, he sent a GIF of a Dagestani influencer saying “business, business.”
No one could get in touch with Derulo for feedback.
The plan seems to have worked, as JASON has gone up 175% in the last day and now has a market value of $7.7 million. However, it is down 40.5% from its high point of just over one cent on June 24.
