From a famous artist to a cunning cryptocurrency scammer.. This is how celebrities turn on their followers!
BitVerge – In recent years, cryptocurrencies have become a lucrative field for attracting various famous personalities. From celebrities and musicians to influencers, everyone aims to exploit the opportunities available in this fast-growing financial sector. Among them, the famous American singer Jason Derulo has emerged, who decided to join the cryptocurrency wave by launching his own meme coin called “JASON”. He promised that it would be an opportunity to create a common financial and artistic community. To obtain an advertising service for crypto projects
New Scandal? Jason Derulo Under Fraud Charges
When announcing his cryptocurrency in June 2024, Derulo showed a strong commitment to his community, stressing that he would not deceive his audience.
As did some other celebrities. Through his social media campaign, Derulo promised transparency and authenticity, and used his popularity to ensure the project’s success.
It has also partnered with other initiatives such as Movement Exchange to facilitate followers’ entry into the world of cryptocurrencies.
Despite these promises, doubts began to emerge about the JASON project. In July, Derulo stopped providing any updates on the project, which caused concern among investors.
Blockchain investigator ZachXBT suggested that Derulo may be involved in a suspicious scam. Bubblemaps analysis showed that Derulo may have been secretly selling his coins despite promising not to do so.
Data shows that a wallet linked to Derulo received $20,000 worth of JASON at the same time he claimed he wouldn’t sell, casting doubt on his true intentions and raising concerns among investors.
For his part, Sahil Arora, one of the project participants, stated that what is happening may have been “planned” from the beginning, which increased the state of suspicion.
JASON Coin Collapse: A Story of Disappointment and Lack of Clarification from Derulo
Over time, JASON has seen its value plummet, losing over 87% of its value. It is now trading at a paltry $0.002188. Once high on hopes of hitting $1 billion, the project now appears to have completely collapsed, leaving investors and Derulo fans disappointed.
Read Also: Analyst: Bitcoin Targets $60K, Likely Has Further Room to Rise
Amidst these events, Derulo has remained completely silent and has not provided any clarifications or updates since July, further complicating the situation. Recently, ZachXBT revealed that Derulo had briefly promoted another meme coin before retracting and deleting the tweet after receiving negative feedback.
In short, Jason Derulo’s story with JASON is a powerful reminder that the involvement of famous figures in the cryptocurrency space is not always a sign of success, and can sometimes be just a cover for scams that threaten the confidence of investors and society in general.
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