Pop singer Jason Derulo has come under scrutiny after the launch of his meme coin, $JASON, on the Solana blockchain. The token, which Derulo heavily promoted, experienced a rapid decline in value shortly after its release. Derulo has since blamed celebrity promoter Sahil Arora for the coin's failure, claiming he was duped. Despite his initial promise to never sell, reports indicate that Derulo has sold his holdings in $JASON. He also issued a video apology and revealed he has secret wallets with more $JASON. Andrew Tate is also mentioned as part of the incident. This incident has sparked debates about the role of celebrities in high-risk financial endorsements and the ethical implications of their involvement in the cryptocurrency market.