Singer-songwriter Jason Derulo is in an online spat with crypto bros over whether his crypto token is a scam. “$JASON to a billy,” Derulo tweeted late Saturday, anticipating the celebrity-inspired Solana-based meme coin would see a massive increase in value. Though rallying by multiples in its opening week, the token has pumped 80% from its June 27 high and another 21% Monday.
JASON wasn’t originally launched by Derulo, but is now available on Pump.fun, a Solana-based marketplace that says it avoids rugpulls “by ensuring that all created tokens are safe,” with “no presale and no team allocation.”
That hasn’t stopped the JASON token from crashing lately, nor has it silenced critics in Derulo’s replies, who accuse him of a classic crypto grift.
Rather than quelling their concerns, the superstar said that critics are “spewing nonsense,” spreading fear, uncertainty, and doubt (FUD) and preventing “normal people” from onboarding the space.
“This space needs a cleanup crew,” he wrote Sunday. “My game plan is to onboard and brand build, your game plan is to jerk off in your room and FUD.”
Derulo had initially claimed that he was duped into promoting the meme coin by Sahil Arora. This said fellow is an alleged mastermind behind a series of celebrity meme coins pump and dumps in recent weeks. But Derulo said he was inspired to “take this all the way,” buying $20,000 worth of the coin “for the long haul” and claiming to build utility around the token.
“I am not here to get liquidity from the marketplace. I am here to build liquidity into the market.” he said.
The conversation quickly turned to be about the celebrity’s net worth. As some persons wondered whether this was still a pump and dump for a singer needing more cash. That was where things got spicy.
“You’re a scrub!” Derulo told Crypto influencer, crypto Bitlord, – “If you met me I would slap the shit outta you. Or maybe you would request a pic.”
