
27/01/2025
The Tumultuous Tale of DeepSeek: Skyrocketing Market Caps, Fraudulent Tokens and AI Disruption
🔍Fake token on Solana blockchain, named after Chinese AI app DeepSeek, reaches $48M market cap despite no connection to the app! 📉Despite warnings, value maintains at $30M, residing in 22,000 wallets. Another phony tokens piggybacks off this hype, reaching $13M cap before dipping to $8.6M🎢🕵️Hackers targeting celebrity accounts to push fraud tokens signal a new scam trend in the crypto space🔓💰
Despite being disowned by DeepSeek, a Solana token named after the AI app ballooned to $48M market cap, stirring up crypto circles and highlighting the rising trend of fraudulent celebrity-endorsed tokens.