A Solana-based (SOL) token pretending to be connected with Chinese AI company DeepSeek reached a market capitalization of $62.86 million.
On-chain data shows that the DeepSeek token’s smart contract was deployed on Jan. 4. This means that it preceded the Chinese AI firm’s app launch by weeks, but it clearly tries to pretend to be DeepSeek’s token, as clearly shown by the token description:
“Unravel the mystery of AGI with curiosity. Answer the essential question with long-termism.”
DeepSeek also dismantled the confusion with an X post. The company wrote:
“DeepSeek has not issued any cryptocurrency. Currently, there is only one official account on the Twitter platform. We will not contact anyone through other accounts. Please stay vigilant and guard against potential scams.”
The news follows recent reports that Solana-based fake memecoins pretending to be Trump Official (TRUMP) and Melania Official (MELANIA) tokens are attracting significant attention. Researchers identified 61 tokens pretending to be TRUMP or MELANIA — attracting $4.8 million worth of funds from 12,641 addresses in just 24 hours.
The details
While the token’s market cap had fallen down to $18.13 million at the time of writing, it reached $62.86 million earlier today. SEEK is currently trading at $0.018460 after its price peaked at $0.0628 earlier today.
The report follows DeepSeek releasing its R1 model, which has shook up the world of AI in the last couple of days. While the traditional players in the space move to quickly attempt to play it all down, meanwhile DeepSeek is currently the number one downloaded app on the App Store.
Reports are circulating about how it is possible to use R1 to create a functional simple video game with a seven-word prompt. The prompt in question is not complicated and can be easily understood by everyone, no information technology knowledge or jargon understanding needed:
“Can you build me a pacman game?”
