Famous singer caught in radar: He said he won't sell my own token!

According to analytics firm Bubblemaps, American singer Jason Derulo sold his new token, JASON, worth thousands of dollars, despite the claims that he would never sell it.

According to DEX Screener, Jason Derulo shared a contract address for a Solana-based token on X on June 23rd. According to DEX Screener, a very large volatility was recorded within minutes at this address. Hours later, Derulo claimed that the famous memecoin organizer Sahil Arora had "caught" him but promised to do "everything in his power" to raise the token.

Another addition to the celebrity crypto trend

Bubblemaps on June 24th, X said, “Despite the claims, we are suspicious that Jason Derulo was deceived by the Sahil side.” The analysis firm found wallets associated with Arora, who allegedly holds half of JASON's supply and made a profit of $180,000 after sharing Derulo's token in the first post.

Bubblemaps claimed to belong to Derulo and said that despite Arora's wallet, a wallet that 'directly receives tokens' from Arora, said that he would not sell his tokens in Derulo's X sends, he said he made a sale worth about $20,000.

"Derulo's actions don't quite match each other," Bubblemaps said.

"He immediately requested a Space from Ansem, excited his community, and implied that he would burn their tokens," he added.

Arora supported Bubblemap's claim that the wallet belongs to Derulo. When asked about the impact of selling Derulo's token on the plan, Dagestani phenomenon Hasbulla responded with a GIF saying "business, business".

The plans seem to have worked; JASON showed a 175% increase on the last day and reached a market value of $7.7 million, but it experienced a 40.5% drop from its peak just above a cent at the end of June 24.

This article does not contain any investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.