Jason Derulo Solana-Based Meme Coin Rallies After Claiming a Celeb Promoter Duped Him

Popular R&B star Jason Derulo has joined the long list of celebrities who have launched meme coins on the Solana blockchain this year. Like many others, he now claims that Sahil Arora, a notorious celebrity token promoter, scammed him.

But Arora has insisted that Jason’s claims were part of the promotion plans. The launch of these meme coins follows the success of AI trading robots like Quantum Income Pro, which have gained popularity for their automated trading strategies and profitability.

Derulo Launches the JASON Meme Coin

JASON, the meme coin launched via the Pump.fun platform started trading on Sunday. 8 hours after the launch, Derulo took to X to call out Arora, accusing him of conning him, but said he was determined to send his task “to the moon.”

Arora, on the another hand, told his X supporters that he had instructed Derulo to tweet the claims to draw attention to the JASON meme coin. The R&B singer, however, dismissed the coin promoter’s claims, revealing that Arora had dumped his JASON tokens worth nearly $50,000.

Arora Cons More American Celebrities

Derulo isn’t the first American celebrity to call out Arora. In May, erstwhile decathlete Caitlyn Jenner accused Arora of abandoning their partnership after launching the JENNER meme coin. At the time, Arora was said to have dumped JENNER tokens worth $16,000 immediately after the meme coin began trading on Raydium.

At the start of June, Arora claimed he had partnered with female rapper Iggy Azalea to release a meme coin. However, Azalea refuted the claims, saying Jenner had already warned her not to collaborate with the coin promoter. More recently, another American celebrity, Lil Pump, accused his social media manager of accepting a $39,000 offer from Arora to advance a scam meme coin on the rapper’s social accounts.

Before the launch of the JASON token, Arora shared a Jason Derulo song title and informed his followers about the token launch. 5 hours later, the American celebrity started promoting the meme coin, which rallied 1,500% after going live. JASON hit a marketplace capitalization of $1.8 million before crashing to $200,000.

The decision forced any token holders to call out Derulo for rugging the project. In his defense, the R&B vocalist said Arora was behind the price fall. He then said he was committed to making his task a success despite Arora conning him.

JASON Rallies 94% to $0.008

Following Derulo’s statement, JASON surged significantly, crossing the erstwhile all-time advanced marketplace cap to scope $8 million as of this writing. The meme coin trades at $0.008, up 94% in the past 24 hours.

The rising number of meme coins has led to the emergence of innovative trading platforms which uses artificial intelligence to offer a seamless trading experience. The Quantum Income Pro trading bot allows users to trade both fresh and established digital tokens.