Jason Derulo’s Meme Coin JASON: A Story of Silence and Concerns
Introduction
American singer and dancer Jason Derulo has been quiet about his meme coin JASON since July, sparking concerns about the cryptocurrency’s future and development. Despite multiple promises and updates, Derulo has not provided any information about the project’s progress.
Derulo’s Commitment to JASON
In July, Derulo joined the list of celebrities who have launched meme coins, unveiling his project on the Solana network. He made several posts about the coin, created memes, and encouraged community members to invest in it. Derulo assured users that he would not scam them like other celebrities had done and proclaimed a long-term commitment to the crypto space and his project.
Partnerships and Promises
Derulo partnered with other projects, like the Solana-based Movement exchange, to simplify the onboarding process for crypto newbies looking to buy JASON. He also struck a deal that allowed JASON holders to purchase homes in Dubai with the token and attended several interviews about the project. While some community members saw the possibility of Derulo’s efforts leading millions of new users to crypto, others criticized the project and questioned its legitimacy.
JASON’s Plunge
During Derulo’s active promotion of JASON, the token’s market cap surged as high as $27 million, with the singer implying that it could skyrocket to $1 billion over time. However, since the frenzy and hype faded, JASON has lost over 87% of its value, and its market cap has plummeted to $1.28 million. According to data from CoinMarketCap, the token was worth $0.00122 at the time of writing.
ZachXBT’s Criticism
On-chain sleuth ZachXBT brought Derulo’s silence on the project to light in a recent tweet, reprimanding influencers who promoted the token at its launch. Zach insisted that the influencers were wrong to believe that the JASON project would differ from the over 15 scams Derulo had previously promoted.
Derulo’s Silence
Derulo has not made an X post about the token since late July, when he said he was building a roadmap of partnerships and plans to help revive the project. Meanwhile, Zach said Derulo made a post on September 3 promoting another meme coin but deleted the tweet shortly after.
Conclusion
Jason Derulo’s silence on his meme coin JASON has raised concerns about the cryptocurrency’s future and development. Despite multiple promises and updates, Derulo has not provided any information about the project’s progress. The token’s market cap has plummeted, and its value has decreased significantly.
FAQs
Q: What is JASON?
A: JASON is a meme coin launched by American singer and dancer Jason Derulo on the Solana network.
Q: What happened to JASON’s market cap?
A: JASON’s market cap surged as high as $27 million during Derulo’s active promotion of the token, but it has since plummeted to $1.28 million, losing over 87% of its value.
Q: Why is Derulo silent about JASON?
A: Derulo has not provided any updates about JASON since July, sparking concerns about the cryptocurrency’s future and development.
Q: What does ZachXBT think about JASON?
A: ZachXBT, an on-chain sleuth, has criticized Derulo’s silence on the project and reprimanded influencers who promoted the token at its launch.
