American singer Jason Derulo defied his own claims of never selling his newly launched crypto token JASON by selling thousands of dollars worth, as reported by analytics firm Bubblemaps. The token's co-creator, Sahil Arora, described the move as part of an 'orchestrated' plan. Despite Derulo's initial denial, evidence suggests he may have been aware of the situation. Bubblemaps identified wallets linked to Arora that profited significantly from the token's sale. While Derulo insisted on not selling his tokens, transactions from his alleged wallet contradicted his statements. Arora defended the actions as part of a strategic partnership, emphasizing mutual involvement and shared interests. The orchestrated plan resulted in a surge in JASON's value, although it has since experienced a decline. The incident highlights the complexities and risks associated with celebrity-backed cryptocurrencies in the market. Read more AI-generated news on: https://app.chaingpt.org/news