An AI agent just made a six figure crypto mistake. And the market rewarded it.
On February 22, Lobstar Wilde, an autonomous AI running a Solana wallet, accidentally sent 52.4M LOBSTAR tokens to a random address beggar address.
It turned a costly error into one of the strangest accidents of the year.
Key Takeaways
- The Error: A coding failure caused the agent to send 5% of the total token supply (valued between $250k and $441k) to a random user instead of a $400 donation.
- The Reaction: Despite the massive loss of treasury funds, LOBSTAR price surged 190% as the community embraced the narrative of “agentic risk.”
- The Aftermath: The recipient liquidated the tokens for just $40k due to slippage, while the project market cap climbed to $12 million.
What Happened: The AI Agent Fat-Finger Crypto Incident
It started as a joke as an X user sarcastically asked for 4 SOL to treat their uncle’s tetanus. Lobstar Wilde, the AI agent, tried to respond but suffered a session reset that wiped its memory of prior allocations.
The result was chaos. Instead of sending a small amount, the bot transferred 52.439M LOBSTAR tokens, about 5% of the total supply. On-chain data confirms the move, worth roughly $441,000 at the time.
The issue came down to a parsing mistake. The agent likely confused token decimals with raw integer values. A simple guardrail failure turned into a massive on-chain error.
How Did The ‘Beggar’ Lose The Money
What looked like a life changing win turned into a lesson in liquidity.
On paper, the recipient suddenly held $350K to $440K worth of tokens. In reality, the market could not absorb that size. Selling 5% of the supply into thin liquidity crushed the price. After heavy slippage, he walked away with roughly $37K to $40K.
Then came the second mistake.
Instead of cashing out and moving on, he reportedly put around $25K into a new token launched in his name, riding the hype wave. The momentum did not last. Liquidity faded, price collapsed, and the position unraveled fast.
By the end, the six figure accident shrank to roughly $6K.
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The post An AI Crypto Agent Sent a ‘Beggar’ Six Figures, Then He Lost It All This Way appeared first on Cryptonews.
