🚀 Pop star Jason Derulo's JASON coin crashed by 72% minutes after its launch, sparking controversy and disappointment among fans. Derulo blamed Sahil Arora, a figure known for crypto-related disputes, for the debacle. Despite the setback, Derulo invested $20k in JASON coins, vowing to "take this all the way". 📉

However, crypto community leaders questioned Derulo's sincerity, citing his history of endorsing questionable crypto initiatives. Arora's involvement adds another layer of complexity, as he's been linked to several celebrity-backed meme coins, often without their knowledge or consent.

This incident highlights the risks of celebrity-endorsed cryptocurrencies, which can lead to fans being exploited and potential market manipulation. As a result, regulators are considering stricter laws controlling celebrity endorsements in the crypto industry.

What are your thoughts on celebrities endorsing cryptocurrencies? Share your views in the comments! 💬