Jason Derulo goes back on his word and sells his JASON tokens according to Bubblemaps

American singer Jason Derulo has reportedly sold thousands of dollars worth of his newly launched cryptocurrency token, JASON, despite previously claiming that he would never sell it. According to analytics firm Bubblemaps, this contradicts Derulo’s earlier statements. The controversial co-creator of the token, Sahil Arora, has referred to the sales as part of an “orchestrated” plan. Earlier this week, Derulo shared the contract address for the Solana-based token, leading to a surge in trading activity and a quick price increase and subsequent decrease. Bubblemaps found wallets associated with Arora that held half of the token’s supply, which were then sold for a profit of $180,000. Additionally, Bubblemaps alleged that a wallet belonging to Derulo, which received tokens directly from Arora’s wallet, has sold around $20,000 worth of the token, despite Derulo’s claims that he would not sell. Bubblemaps suggests that Derulo’s actions do not align with someone who was fooled by Arora. Arora himself has confirmed that the plan was coordinated, and both he and Derulo were involved. The plan appears to have been successful, as JASON has seen a 175% increase in the past day and has a market capitalization of $7.7 million. However, it is down 40.5% from its peak on June 24. Jason Derulo could not be reached for comment on the matter.