SOL AI bot misfires, sends $250k LOBSTAR, holder nets ~$6k
LOBSTAR jumped ~190% in 24h after SOL AI agent mistakenly sent 5% supply to a random user, highlighting agentic risk.
- AI agent on SOL misparsed decimals, sending 52.439m LOBSTAR (~5% supply), initially valued near $250k–$440k instead of a ~$400 donation.
- Recipient’s rapid sell-off into thin liquidity produced extreme slippage; on-chain estimates show realized proceeds collapsing to only a few thousand dollars after reinvesting and losses.
- Despite treasury loss, LOBSTAR volume spiked and price briefly surged up to ~190% as traders embraced the “agentic risk” narrative around autonomous SOL agents
An artificial intelligence agent operating a Solana blockchain wallet mistakenly transferred 52.4 million LOBSTAR tokens to an unintended recipient due to a coding error, according to reports from the cryptocurrency community.
The incident resulted from a technical failure that caused the agent to send approximately 5% of the total token supply to a random address instead of executing a small donation as intended, according to blockchain transaction records.
The error occurred when the agent experienced a session reset that erased its memory of previous allocations, according to technical analysis of the incident. The malfunction led the automated system to transfer 52.439 million LOBSTAR tokens rather than the intended smaller amount.
Technical experts indicated the problem stemmed from a parsing error, with the agent apparently misinterpreting token decimal values as raw integer values. The absence of protective safeguards allowed the erroneous transaction to execute on the blockchain.
The recipient initially held tokens with significant paper value, but market conditions prevented realization of those gains. Attempting to sell 5% of the total supply into limited market liquidity resulted in severe price slippage, reducing the actual proceeds to a fraction of the apparent value, according to market data.
The recipient subsequently allocated a substantial portion of the proceeds into a newly launched token bearing their name, according to blockchain records. The new token experienced rapid price decline as liquidity dried up and the position lost value within minutes.
The final realized value from the six-figure token transfer amounted to only a few thousand dollars, according to estimates based on transaction data.
The token’s price later increased as community members adopted a narrative around “agentic risk,” referring to risks associated with autonomous agent operations, according to social media discussions among token holders.
The incident has drawn attention to the need for protective mechanisms when autonomous systems control cryptocurrency assets, according to blockchain security observers.
