- DeepSeek AI model shakes U.S. stock market
- Unrelated cryptocurrencies surge in value
- DeepSeek warns against copycat tokens
Cryptocurrencies inspired by DeepSeek, the Chinese A.I. firm that caused a real meltdown on Wall Street today have seen an outstanding increase in value this Monday.
As reported earlier — DeepSeek released this week a groundbreaking AI model “Deepseek_v3”, capable of competing with industry giants such as ChatGPT while only costing a fraction of the production value. This piece of news shook the U.S. Stock Market as investors realized that maybe some of the companies in the A.I. niche were overvalued.
This cataclysm of events led to Bitcoin losing its $100,000 margin earlier today. However, the world’s largest digital asset has somewhat recovered over the past hour, currently trading at $101,426.
DeepSeek Inspired Tokens Surge in Value
Interestingly enough, tokens under the same name that in reality have no direct relationship with the Chinese AI firm have grown exponentially in value today, even amidst the overall market crash.
An unverified cryptocurrency on CoinMarketCap named DeepSeek AI Agent (DEEPSEEK) has seen a $242.9% increase in value in less than 24 hours. The weekly performance of this new currency is even more impressive, gaining a whopping 6394% in value in just short of three days.
On the token’s CMC page, $DEEPSEEK has a self-reported market capitalization of $6.77 million — despite seeing a daily volume of $25 million. The token was launched on Solana less than a month ago.
DeepSeek Warns Users Not To Trust Copycat Cryptocurrencies
On a sticky post on the official DeepSeek X account warning users that the company does not own any digital assets under its name. The Chinese firm also made sure to affirm that this was the only official DeepSeek Twitter profile, alerting the community to not trust any other pages under the same name.
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