DEEPSEEK has become a topic that the whole world speaks since its release. The crypto currency market experienced a decrease due to fraud incidents caused by fake Deepseek Token and developments in the artificial intelligence sector. Bitcoin recently went below $ 100,000, while the Great Altcoins suffered harsh values. Nevertheless, Bitcoin and other Altcoins recovered.
Fake Deepseek Tokens reached a market value of $ 48 million
Fake tokens, which were released under the name Deepseek, attracted the attention of investors and reached high transaction volumes in a short time. The main fake token, initiated in the Solana network, reached a transaction volume of $ 150 million, while more than 22,000 wallets purchased this asset. Deepseek officials warned investors by announcing that they had no connections with the project.
https://twitter.com/deepseek_ai/status/1884103376868368589
This fraud took place in the same period with Deepseek’s rapid rise in the artificial intelligence sector. The low -cost AI models of the Chinese -based company pose a threat to large technology companies, while creating uncertainty in the market. People who launched the Fake Token, tried to establish false connections with Deepseek’s official accounts to make the project look real.
Why do Bitcoin and Altcoins fall?
While these events took place, Bitcoin fell to $ 98,000 with the overall wave of technology shares. Ethereum tested $ 3,000 support, while the XRP fell to $ 3. The decline of technology shares in the Nasdaq 100 index due to Deepseek was also negatively reflected in the crypto market. The correlation of the crypto market with the technology shares has become even more pronounced in the recent period.
The decline in the market negatively affected investor sensitivity. Large crypto currencies such as Bitcoin move parallel to the fluctuations in technology shares. As of today, Bitcoin is again $ 102,000, but the market still remains uncertain.
Will the crypto market decline continue?
According to experts, Bitcoin may remain strong in the long run. Some analysts predict that Bitcoin can reach $ 200,000 at the end of 2025. However, fake tokens and market uncertainty require investors to be cautious. In the coming days, market movements will depend on macroeconomic data and regulatory developments.
The future of the crypto market will continue to be sensitive to the developments in the world of technology and finance. New artificial intelligence attempts, such as Deepseek, can change the balances in the markets. In particular, investors need to be careful against false projects and closely follow the developments in regulations.
