Breaking📢 The #AI agent market cap plunged by over $2.5 billion in the last 24 hours, dropping from $12.9B to just above $10.2B.📉

This sharp decline aligns with the rise of #DeepSeek, a Chinese AI model celebrated for its cost-efficiency and superior performance compared to offerings from #OpenAI, #Google, and #Meta.

Meanwhile, scams exploiting the DeepSeek name are on the rise. At least 75 fraudulent “DeepSeek” #crypto tokens were created as of Jan. 27—a threefold increase from the previous day. 

DEEPSEEK coin has seen a 5,194.12% increase in value in less than 24 hours with market cap reaching $9.29 million.