American singer Jason Derulo’s entry into the cryptocurrency world has been quite the talk, with his memecoin, JASON, rallying a staggering 6000% since its introduction. However, amidst this financial frenzy, numerous scam claims are being raised against the celebrity-backed crypto. Web3 investigator, ZachXBT, has cautioned the public about investing in the token, branding it as possibly counterfeit.
Following claims of the coin being a scam, Derulo responded by blaming his co-creator and notorious celebrity crypto scammer – Sahil Ahora, for the accusations, calling it a hiccup that wouldn’t occur again.
Adding fuel to the drama, Derulo has been found using double standards in regard to his JASON coin selling practices. Despite promising never to sell JASON in the bid to increase its value and reach a $1 billion market cap, it was observed that a wallet linked to JASON was reported to be selling the currency shortly after receiving it from Ahora.
Furthermore, several experts, including blockchain analytics firm Bubblemaps, have expressed doubt over Derulo’s dealings. They insinuate that the singer might be fully aware of his actions, rather than being duped by Ahora as he claims.
Despite drawing skepticism from several quarters, it is crucial to remember that these allegations against Derulo and his JASON token haven’t been proved beyond doubt. Prospective investors are thus advised to carry out extensive research and due diligence before getting on board the JASON hype train. The celebrity memecoin is currently boasting an impressive 6000% growth and a market cap of $15 million, attracting significant buying pressure.