The market of AI-related tokens, after a $5 billion drop last week, is back on the growth trajectory. The sudden popularity of the Chinese chatbot DeepSeek caused this decline, but new challenges have altered market sentiments, leading to an increase in AI-related token prices. On Thursday, Alibaba introduced the AI model Qwen 2.5, claiming it outperforms DeepSeek-V3, reducing investors’ trust in DeepSeek’s future. Additionally, OpenAI accused DeepSeek of using the Distillation technique, violating OpenAI’s terms and raising ethical and legal concerns in the AI research community. Problems for DeepSeek do not end here; Italy’s data protection agency has launched an official investigation into the project’s use of users’ personal data, resulting in DeepSeek’s removal from Apple and Google stores in Italy. As a result of these developments, AI tokens, which had experienced a significant drop earlier in the week, are now recovering. Virtual Protocol’s price has grown by over 8%, while AIXBT and Ai16z tokens have both seen over 10% price increases. On the other hand, fraudulent meme coins under the name DeepSeek have appeared in decentralized exchanges, despite DeepSeek’s denial of any connection, scammers are still taking advantage of this advertising wave. You can monitor the live prices of all tokens and cryptocurrencies on the real-time price page.
