The digital currency community has recently faced a wave of new scams targeting novice investors. Platforms creating and offering meme-coins have intensified this trend. Meanwhile, the emergence of the Chinese chatbot DeepSeek and its extensive advertising has caused significant market fluctuations. Recently, several fake tokens named DeepSeek were created on the Pump.fun platform and gained popularity in decentralized exchanges. Despite earlier claims by DeepSeek of having no connection to digital currencies, these tokens surged in market value. One of the fake meme-coins launched on the Solana blockchain reached a market value of $12 million and ranked first in daily transactions on the GeckoTerminal platform. The new wave of scams intensified as Donald Trump, the US President, launched his exclusive meme-coin, TRUMP, which has defrauded investors of over $857 million by misusing his name. A survey revealed that 40% of TRUMP token investors were new to the digital currency world, indicating an influx of inexperienced capital into the market. Creating a fake meme-coin has become easier than ever, with DeepSeek now being one of the hottest topics on social media. Scammers are likely to exploit this advertising wave, introducing more fake tokens under the DeepSeek name in the coming days. The digital currency industry’s strategy to combat this issue remains uncertain. Prominent figures like Vitalik Buterin, the creator of Ethereum, have repeatedly warned about the rise in scams, yet a clear solution to this crisis is lacking. In such circumstances, investors must exercise utmost caution and steer clear of any suspicious projects.
