DeepSeek, the Chinese AI company that focuses on the development of LLMs, has become so popular recently because of its advancement in generative AI technology. As a reaction to DeepSeek’s rise, various investors have dumped other AI-driven stocks. This resulted in a chain reaction of panic sell-offs, including the formation of a dip in Bitcoin and other cryptocurrencies.
During the DeepSeek frenzy, various blockchains witnessed the deployment of cryptocurrencies in its name. While over 75 coins claiming to be official DeepSeek tokens have been released in recent days, one Solana-based token among them attained a market value of 48 million dollars.
This article will provide complete details of the recent DeepSeek-based scams and check which one is the legitimate project token. We will also get into the details of DeepSeek AI and its crypto-driven plans. Let’s get started.
What is DeepSeek AI?
Founded in 2023, DeepSeek is a Chinese AI company that primarily provides Large Language Model (LLM)-based services. It has an LLM assistant, a chatbot released on 10th January 2025, with data till July 2024. Unlike OpenAI’s projects, the company trained the model in the cheapest means possible. You can access its bot without any cost by visiting its official website or by installing its mobile application.
What is the Viral DeepSeek Token Scam?
When DeepSeek AI became a trend on the first day of the Lunar New Year, several cryptocurrencies were launched in its name. One of those impersonations successfully looted millions of dollars from the traders. Investors were tricked into believing that this Solana-based token is the authentic DeepSeek crypto. The deception was carefully orchestrated by creating big hype through social media marketing.
Various small-scale investors started buying the tokens, reaching 8,500 on-chain hodlers. When the market cap reached $48 billion, every investor believed that it would soon reach $50 million. However, the perpetrators of the scam sold their holdings, causing a $30 million loss. In addition to this, there are many DeepSeek-named tokens generating huge trading volume in the charts.
Which One is DeepSeek AI’s Official Token?
If you search for DeepSeek in any blockchain explorers or price-tracking websites, you can see a huge list of tokens. Most of them also have fake DeepSeek X handles to attract investors. When asked by a user about one of these accounts on DeepSeek’s official X handle (@deepseek_ai), they responded, “This is a typical impersonation account. Please do not trust any information from this account.” They clarified that they don’t have any crypto projects as of now and urged the users to stay vigilant to avoid being misled.
When Will DeepSeek AI Launch its Official Cryptocurrency?
Popular LLM-based AI assistants such as ChatGPT, Gemini, and Grok have not launched official cryptocurrencies. DeepSeek will also likely won’t launch any tokens. As of the latest reports, the company is not planning to enter the blockchain environment. However, follow its official X profile and press releases to stay updated with exclusive announcements. Although the chances are low, we can’t be 100% sure that they will not launch any currencies.
How to Identify Scammy Crypto Projects?
From fake Dogecoins to fake Trump tokens and $IVANKA Token Fraud, fraudulent cryptocurrencies always impersonate the authentic ones. As a realm with less interference from the authorities, the web3 environment has many deceptive applications. With the unavailability of a single authentic platform to verify the genuineness of all projects, it is our responsibility to engage in investigations. Here are some tips to identify scam projects:
1. Token Explorers
You can access blockchain explorers to get details of a token’s on-chain data. For that, you need its contract address. If there are unverified tags or full of buys and no sales, there are chances for the token to be a scam.
2. Community Reviews
You can engage with the token’s social media discussions to know the opinions of other fellow traders about the token. However, beware that bots, AI profiles, and fake influencers will also be in the discussions.
3. Additional Tools
With the arrival of deepfake AI scams that impersonate real people like political figures or celebrities, it has become extremely difficult to identify fraudulent currencies. However, there are various third-party tools like auditing software and scam identifiers that you can use.
Final Thoughts
The latest reports clarify that DeepSeek doesn’t have an official crypto token. So, don’t get fooled by the fraudulent projects impersonating it. However, passionate users can deploy fan tokens for any project, and if you find any potential fan tokens for DeepSeek AI, you can become a part of them after completing basic research. Remember to do your own research (DYOR) before investing in any projects!
