Despite his previous statements Jason Derulo has sold his JASON tokens according to Bubblemaps

According to analytics firm Bubblemaps, American singer Jason Derulo has sold a significant amount of his newly launched cryptocurrency token, JASON, despite his previous claims that he would never sell. Meanwhile, the co-creator of the token, Sahil Arora, has described the situation as an orchestrated plan. Earlier this week, Derulo, whose real name is Jason Desrouleaux, shared a contract address for the Solana-based token, resulting in a surge of trading activity and a quick rise and fall in its price. Afterward, Derulo stated that Arora had fooled him but vowed to do whatever he could to boost the token’s value. Bubblemaps expressed doubt about Derulo’s claims, pointing out that wallets associated with Arora had sold a large portion of the token’s supply and made a profit. Bubblemaps also alleged that a wallet belonging to Derulo had sold around $20,000 worth of the token, despite his previous statements that he would not sell. Bubblemaps suggested that Derulo’s actions did not match someone who had been fooled. Arora responded to Bubblemaps’ claims, stating that the situation was orchestrated and that both he and Derulo had a stake in the game. Arora also supported Bubblemaps’ identification of Derulo’s wallet. The plan appears to have been successful, with JASON’s value increasing by 175% in the last day and reaching a market capitalization of $7.7 million. However, it has since dropped by 40.5% from its peak on June 24. Jason Derulo did not provide any comment on the matter.