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Fake DeepSeek Meme Coins Reach Huge Market Caps

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A fake meme coin advertising itself as DeepSeek gained a market cap of over $12 million today before crashing. Since the Chinese AI protocol took the US tech sector by storm, several scam assets have used its branding to reap huge profits.

The crypto community is facing an epidemic of major scams preying on total novices to the space. Meme coin launchpads are only making the issue worse.

Scam DeepSeek Meme Coins Take Off

The arrival of DeepSeek, the Chinese AI program that disrupted the whole crypto market, has led to a truly bizarre situation. Its widespread publicity sparked declines in Nvidia and in AI-related cryptoassets, so scammers began exploiting the hype.

A few fake DeepSeek tokens have appeared on Pump.fun, and they’re already trending on decentralized exchanges. Users are still investing in these tokens, even though DeepSeek previously clarified that it had no connection with any digital asset.

“DeepSeek has not issued any cryptocurrency. Currently, there is only one official account on the Twitter platform. We will not contact anyone through other accounts. Please stay vigilant and guard against potential scams,” the firm claimed earlier in January.

Seek, the first fake DeepSeek token, launched yesterday. It managed to accumulate a $48 million market cap before slumping. This first rug pull was so successful that scammers released another.

A Solana-based meme coin traded under the “DeepSeek” name and reached a market cap of over $12 million. Most disturbingly, the fake token is trending number one on GeckoTerminal, in terms of daily transactions.

fake deepseek token
Fake DeepSeek Token Market Cap Chart. Source: GeckoTerminal

Since Donald Trump launched his own meme coin, a flurry of brazen scams and ripoffs has covered the space. Scammers stole over $857 million using the TRUMP token, and impersonators have paraded as US government agencies or world leaders.

In this context, these fake DeepSeek tokens fit right into the milieu. A survey claimed that 40% of investors in TRUMP are first-time crypto holders. Billions of dollars are flowing into the crypto industry, and total newcomers are plunging in headfirst.

Many of them are paying the price for their lack of knowledge and awareness. Simply put, it’s easier than ever to make a fake meme coin, and DeepSeek is currently the most viral topic on social media. So, scammers are fully utilizing this hype.

It’s not easy to say how the crypto community will work through this mess. Industry heavyweights like Ethereum founder Vitalik Buterin have warned against the scam-heavy culture, but there’s no easy solution to it.

For the time being, more scam DeepSeek tokens will likely enter the market until this viral hype fades down.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Bulls Stay In Control: Uptrend Poised to Continue

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Hidden Altcoins Gems For February

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Altcoins with strong fundamentals and growing ecosystems could see a rebound in February. Jupiter (JUP) has strengthened its position in the Solana ecosystem with key acquisitions, pushing its TVL past Raydium.

Aerodrome Finance (AERO), the dominant DEX on Base, is trading near key psychological levels after a sharp decline, making it one of the most interesting altcoins to watch. Meanwhile, Grass (GRASS) has struggled with the broader AI token correction but could recover if AI-related hype returns next month.

Jupiter (JUP)

Jupiter (JUP) is expanding its presence in the Solana ecosystem through key acquisitions. It recently acquired Moonshot, a coins launchpad, and SonarWatch, a portfolio tracker. With these moves, JUP has surpassed Raydium in Total Value Locked (TVL), reaching $2.87 billion.

Despite a 7% drop in the last 24 hours, JUP remains up 29% over the past week. As one of Solana’s most used platforms, its growing ecosystem could drive further gains. Increased adoption and integrations may continue boosting its relevance.

JUP Price Analysis.
JUP Price Analysis. Source: TradingView

If momentum continues, JUP could test $1.22 and $1.27 soon. However, if the trend reverses, it may fall to $0.98, with further downside to $0.83 or even $0.76.

Aerodrome Finance (AERO)

AERO is the leading application on the Base chain, with $1 billion in TVL and $1.16 million in daily fees. As the most used DEX on Base, it holds a dominant position despite being 56% down from its all-time high on December 7, 2024, making it one of the most interesting altcoins for February.

Over the past month, AERO has dropped nearly 31%, now trading around $1 with a market cap of $765 million. The recent decline has pushed it closer to key psychological levels, making the next moves crucial.

AERO Price Analysis.
AERO Price Analysis. Source: TradingView

If AERO regains strong momentum, it could see a major rally in February. Key targets include $1.4 and $1.6, with a potential move above $2 for the first time since mid-December.

Grass (GRASS)

GRASS has been hit hard by the recent correction in artificial intelligence cryptos, with its price dropping over 27% in the past 30 days. It is now trading at its lowest levels since November 5, 2024, just days after its airdrop.

The token attempted to break above $4 on three separate occasions in 2024 but failed each time. Since January 6, 2025, it has remained below $3, indicating a clear downtrend.

GRASS Price Analysis.
GRASS Price Analysis. Source: TradingView

If AI-related altcoins regain momentum in February, GRASS price could benefit from the renewed interest. A rebound toward the $2 range is possible, and if the uptrend strengthens, the token could revisit the $3 level as well.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Price Displays Bullish Signs: A Recovery In The Making?

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Bitcoin price started a fresh upward move above $102,000. BTC is rising and might gain pace for a move above the $105,000 resistance zone.

  • Bitcoin started a decent upward move above the $102,000 zone.
  • The price is trading above $103,500 and the 100 hourly Simple moving average.
  • There was a break above a key bearish trend line with resistance at $102,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another decline if it stays below the $105,000 zone.

Bitcoin Price Breaks Resistance

Bitcoin price started a decent increase above the $100,000 resistance zone. BTC was able to surpass the $102,000 and $102,200 resistance levels to move into a positive zone.

There was a break above a key bearish trend line with resistance at $102,400 on the hourly chart of the BTC/USD pair. The pair climbed above the 61.8% Fib retracement level of the downward wave from the $107,080 swing high to the $97,688 low. It even cleared the $103,500 resistance zone.

The pair settled in a positive zone and now faces hurdles near the $105,000 zone. Bitcoin price is now trading above $103,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $104,800 level or the 76.4% Fib retracement level of the downward wave from the $107,080 swing high to the $97,688 low.

Bitcoin Price

The first key resistance is near the $105,000 level. The next key resistance could be $105,500. A close above the $105,500 resistance might send the price further higher. In the stated case, the price could rise and test the $107,000 resistance level. Any more gains might send the price toward the $108,800 level in the short term.

Another Decline In BTC?

If Bitcoin fails to rise above the $105,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $103,200 level. The first major support is near the $102,000 level.

The next support is now near the $101,200 zone. Any more losses might send the price toward the $100,000 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $103,200, followed by $102,000.

Major Resistance Levels – $105,000 and $107,000.



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