Jason Derulo sold his JASON tokens despite saying he wouldn’t, says Bubblemaps
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 25 2024- Jason Derulo's Crypto Token Sales: Jason Derulo sold thousands of dollars worth of his newly launched crypto token JASON, despite claiming he would never sell it.
- Controversial Co-Creator's Response: The controversial co-creator of the token, Sahil Arora, called the sales part of an "orchestrated" plan.
- Trading Activity and Price Movement: After sharing the contract address for the token, there was a surge in trading activity, leading to a price pump and dump within minutes.
- Bubblemaps Analysis: Bubblemaps doubted that Derulo was fooled by Arora, pointing out wallets associated with Arora that dumped tokens and made profits.
- Token Performance: Despite the controversy, JASON's market capitalization reached $7.7 million, up 175% in a day but down from its peak on June 24.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
