The analytics firm claims the singer sold tokens despite promises that he wouldn’t, while the controversial figure who apparently helped create the token claims “it’s all orchestrated.”
American singer Jason Derulo sold thousands of dollars worth of his newly launched crypto token JASON despite repeated claims that he “WILL NEVER SELL,” according to analytics firm Bubblemaps. Meanwhile, the token’s controversial co-creator Sahil Arora told Cointelegraph it was all part of an “orchestrated” plan.
“He immediately asked Ansem for a Space, hyped his community, hinted at burning tokens, and launched buy competitions,” it added.Arora told Cointelegraph when asked about Bubblemaps’ claims that “it’s all orchestrated, we both have skin in the game and people with can see that easy.”Derulo could not be reached for comment.
The plan seems to have worked, with JASON up 175% in the last day and at a market capitalization of $7.7 million, but it is down 40.5% from its late June 24 peak of a little over one cent.Are market makers manipulating 78% of new crypto listings?
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