American singer Jason Derulo has stepped into the crypto world with his token JASON on the Solana blockchain. However, there was a 72% price drop within 24 hours of launch. Derulo claimed that Sahil Arora caused this situation and announced that he purchased $20,000 worth of JASON to stabilize the token. Despite the turmoil, the JASON token reached a market cap of $6.9 million with trading volume of $25 million. SlumDOGE Millionaire, on the other hand, accused Derulo of misleading his followers by pretending not to know the situation.
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