"SEEK Token Surges: DeepSeek's Meme Coin Tops $30M Market Cap"
Coin WorldSunday, Jan 26, 2025 11:22 pm ET
1min readThe Solana-based meme token SEEK (DeepSeek) has surpassed a market capitalization of $30 million, according to data from GMGN. The token, which is associated with the DeepSeek app, has seen a 24-hour trading volume of $56.9 million.
DeepSeek, a Chinese AI startup, has recently gained significant attention in the industry by releasing two large models, DeepSeek-V3 and DeepSeek-R1, at a low cost with performance comparable to OpenAI. The DeepSeek app topped the free app download rankings in the Apple App Store in China and the United States.
While the SEEK token has gained traction, it is important to note that meme coins often lack practical use cases and are highly volatile in price. Investors should approach these assets with caution.
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