DeepSeek Clarifies No Immediate Fundraising Plans Amid Crypto Market Flurry

DeepSeek officials have addressed rumors suggesting that the company is considering raising external funds for the first time. In a statement, the officials clarified that while the company is always exploring various financing options, there is no immediate plan to raise external funds.

The rumors come amid a flurry of activity in the cryptocurrency market, with several large transactions involving popular coins such as Solana (SOL), Shiba Inu (SHIB), and Mantle (MNT). A whale address withdrew a total of 123,500 SOL from Binance, while another whale on Hyperliquid added 3.5 million U as margin, indicating a bullish stance despite a floating loss of 9.85 million U.

Meanwhile, four addresses belonging to the same entity deposited 211.9 trillion SHIB into Coinbase, equivalent to around $32.55 million. This significant transaction suggests a potential increase in interest in the meme coin, which has been gaining traction in recent months.

In another notable development, Mantle's multi-signature wallet successfully deposited 15.5 million MNT into Bybit, equivalent to around 16.32 million US dollars. This transaction indicates a growing interest in the layer-2 scaling solution for Ethereum, which has been gaining attention for its potential to improve the network's scalability and reduce gas fees.

While these transactions and the rumors surrounding DeepSeek's financing plans have captured the attention of the cryptocurrency community, it is essential to remember that the market remains volatile and unpredictable. Investors should exercise caution and conduct thorough research before making any investment decisions.