A fake meme coin called DeepSeek, which used the branding of a popular Chinese AI program, gained a market cap of over $12 million before crashing. This is part of a larger trend of scams targeting inexperienced crypto investors. Fake DeepSeek tokens have appeared on decentralized exchanges and are trending on social media platforms. Despite DeepSeek clarifying that it has no connection to any digital asset, users are still investing in these tokens. This follows a pattern of scams in the crypto industry, including a recent scam involving a token linked to Donald Trump. It is unclear how the crypto community will address this issue, but more scam DeepSeek tokens are expected to emerge in the near future.



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