smeash

I would suspect its a combination of transplant shock, and possibly overwatering. Moisture meters are somewhat reliable, but not knowing your soil type I cant speculate on drainage. I personally would stop watering every day, and maybe give it several days before watering again. I also would not fertilize until it sorts itself out. You can mist the leaves a few times a day but i would let the rootzone dry out. If there is no improvement in a week or so, I would carefully dig it up and inspect the roots and corm for rot. I think it will resolve its own issues though if you back off of watering for a while, and dont fertilize until you have new growth. You can also prune some of the leaves off and leave a few but remove half of those to reduce transpiration.
On a side note, you likely know this, but most plants sold as blue java are really namwah.. still a great variety, perhaps better than blue java. Expect that plant to reach 10-14 ft of pstem height and 15-20 ft to the leaff tops.. they get BIG.
Good luck with the plant and let us know how it goes.