Hey Meme Insider readers, today we’re diving deep into the world of meme tokens with a look at “DeepSeek” on the Solana blockchain. This token has been making waves, but it’s crucial to understand what’s really going on before jumping in. Let’s break it down.

What’s the Deal with DeepSeek?

So, “DeepSeek” isn’t just one thing – it’s multiple tokens inspired by the Chinese AI company DeepSeek. You might see it listed as DEEPSEEKAI or DEEPSOL, and they’re all riding the coattails of the buzz around DeepSeek AI’s open-source AI models. Think of it as a meme token latching onto a hot tech trend. These models, like deepseek-chat and deepseek-reasoner, are pretty impressive and challenging the big guys in Silicon Valley.

Here’s the kicker: DeepSeek, the AI company, has officially said they have NOTHING to do with these tokens. They’ve explicitly warned users about potential scams, but that hasn’t stopped the crypto world from going wild.

Key Things to Know

• Inspiration, Not Affiliation: These tokens are inspired by DeepSeek AI, known for models like deepseek-chat and deepseek-reasoner (also known as DeepSeek-R1), but there’s zero official link.
• Multiple Tokens, Multiple Addresses: There isn’t just one DeepSeek token. There are multiple, each with a different contract address on Solana. We’ve seen a few pop up, including:
  • 5D27EZ1prg14zDFfDXZPfebej2Q4mX12VBqLeXdppump
  • 2DJb1j...DzioWZ (identified as the DeepSeekAI contract address)
  • HiHue...pump (listed as the address for DEEPSOL)
  • 4EFrvY...inNAHB (listed on CoinMarketCap as the DeepSeek contract address)
• Market Madness: One of these tokens briefly hit a $48 million market cap with $150 million in trading volume on January 27, 2025. Another one briefly saw a $13 million market cap. It’s all quite volatile.
• Security Features: According to gopluslabs.io, the token has some security features, including no transfer fee, non-upgradable transfer fee, no default transaction restrictions, metadata not mutable, no mint function, no freeze function, program not closable, transferable, balance not mutable, and no external hook.
• Price Swings: The token’s price is all over the place. On January 26, 2025, the DeepSeek/SOL pair on Raydium was trading around $0.006119, hitting highs of $0.01005 and lows of $0.006421 in the past 24 hours.
• Trading Volume: High trading volume, with the DeepSeek/SOL pair on Raydium seeing around $479.27K in the past 24 hours, with over 1400 transactions. On Jan 27th the trading volume hit $9.12 million with 80,763 transactions.
• Market Cap Discrepancies: Market cap values differ depending on the source, indicating extreme volatility. CoinMarketCap shows a market cap of around $611.98K, while other sources show different values. On Jan 27th the FDV and Market Cap were around $1.05 million.
• Liquidity Puzzle: Liquidity figures also vary, with some sources reporting $15.9K and others $78.27K or even $148.14K.
• Holder Count: One source stated there were only 12 holders, whereas on Jan 27th, 10,080 holders were reported.

Token Deets

• Total Supply: Around 100 million according to one source, while another claims 9,999,999,954.73943.
• Decimals: Not specified

Why is this happening?

Essentially, these tokens are meme coins capitalizing on the DeepSeek AI hype. They claim to blend AI with decentralized finance, but it’s mostly speculative. The name “DeepSeek” might suggest a link to innovative tech, like the AI model using a [Transformer architecture][2] and a [Mixture-of-Experts (MoE) strategy][2][4] using [Multi-Head Latent Attention (MLA)][2][4] and a [multi-token prediction objective][2][4], but there’s no evidence of any direct technical connection. It’s all about the name recognition.

Potential Red Flags

• Scam Alert: With the official denial from DeepSeek AI, there’s a high chance these are scams or “rug pulls.”
• Volatile Ride: Prepare for big price swings. This is a risky investment.
• No Real Use: Meme tokens usually lack real-world utility. Their value is based on hype and speculation, not actual applications.

The Bottom Line

The “DeepSeek” token on Solana is a speculative meme token, plain and simple. It’s riding the coattails of the DeepSeek AI project but has zero affiliation. Approach this with extreme caution. This is a highly risky investment, not something you should jump into without understanding the potential downsides.

Always do your own research, check real-time data on platforms like Solscan or CoinMarketCap, and be wary of any token that claims to be associated with a company without clear official confirmation. The crypto world is full of surprises, and not all of them are good. Stay safe out there, and keep meme-ing responsibly.

References [DeepSeek/SOL - Raydium - GeckoTerminal][1] \ [Deepseek is Pioneering the AI Revolution in China - AI-Pro.org][2] \ [DeepSeek-V3 Explained: Optimizing Efficiency and Scale][4]