In this post
- Hollywood’s Jason Derulo has triggered a memecoin frenzy with his recent post on X.
- Celebrities tap into the memecoin frenzy.
Pop star Jason Derulo, known for his global musical hits, has now entered the cryptocurrency world with the $Jason token. Today, Derulo posted on his X page, “Some big announcements and partnerships on the way today…Stay Tuned $JASON.”
Jason Derulo Joins The Crypto & Web3 Craze
Jason Derulo has become a conversation topic in the last few weeks about possibly running a pump-and-dump scheme. After launching $JASON on June 23rd, the coin pumped but dumped after Derulo sold his coin.
The American singer blamed the crash on his co-creator and serial celebrity crypto scammer, Sahil Ahora. However, the crypto community questioned Jason’s selling motive because he assured traders he “WILL NEVER SELL.”
Today’s announcement leaves traders in limbo, and no one knows what to expect. Has Jason fixed the mistake he admitted making? On 26th June, Jason took to X to address the FUD, stating, “I made uneducated mistakes in the past that will never happen again.”
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He also assured his token holder, “To all the loyal $JASON holders I want you to know that I am going to work on this every day until we beat all celebrity coins and break records.”
Celebrities Tap Into Crypto Market
Jason is not the only celebrity to have tapped into the memecoin frenzy. Controversial social media personality Andrew Tate has also been busy with the $DADDY token.
Also, celebrities like Caitlyn Jenner and Iggy Azalea have their own digital tokens. The current memecoin frenzy is riding the wave of Solana-based memecoin mania-driven political-themed Doland Tremp and Jeo Boden tokens.
The trend has not gone unnoticed. In a recent tweet on X, Vitalik Buterin, co-founder of Ethereum, expressed his concerns that most celebrity tokens serve no purpose beyond making money. He said, “I’m feeling quite unhappy about this cycle’s celebrity experimentation so far.”
To him, crypto and memecoins are here to serve a bigger purpose than “Financialization as a means toward an end.”
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Also Read: PolitiFi Tokens Rally as Trump-Biden U.S. Presidential Debate Nears
