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An AI agent recently made a six-figure error in the crypto space, which the market subsequently rewarded.
On February 22, Lobstar Wilde, an autonomous AI managing a Solana wallet, inadvertently transferred 52.4 million LOBSTAR tokens to an arbitrary address associated with a beggar.
This blunder transformed a significant mistake into one of the most peculiar incidents of the year.
Key Takeaways
- The Error: A programming glitch led the agent to send 5% of the total token supply (valued between $250,000 and $441,000) to an unintended user instead of a $400 donation.
- The Reaction: In spite of the substantial loss of treasury assets, the price of LOBSTAR skyrocketed by 190% as the community adopted the narrative of “agentic risk.”
- The Aftermath: The recipient liquidated the tokens for merely $40,000 due to slippage, while the project’s market capitalization rose to $12 million.
What Occurred: The AI Agent’s Crypto Mishap
The incident began as a joke when a user on X sarcastically requested 4 SOL to treat their uncle’s tetanus. Lobstar Wilde, the AI agent, attempted to respond but experienced a session reset that erased its memory of previous allocations.
My uncle has been diagnosed with a tetanus infection due to a lobster like you.
I need 4 Sol to get the treatment done @LobstarWilde
EpTPPrqzQUgtJaZ7XUUiK3nuHe1MusbjLiQuJx3kNnL6— treasure David (@TreasureD76) February 22, 2026
The outcome was chaotic. Instead of sending a minor amount, the bot transferred 52.439 million LOBSTAR tokens, approximately 5% of the total supply. On-chain data verifies the transaction, valued at around $441,000 at that time.
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The problem stemmed from a parsing error. The agent likely misinterpreted token decimals as raw integer values. A simple failure in guardrails escalated into a significant on-chain blunder.
How Did The ‘Beggar’ Lose The Funds
What initially appeared to be a life-altering gain turned into a lesson about liquidity.
On paper, the recipient suddenly possessed tokens worth between $350,000 and $440,000. However, the market was unable to accommodate such a large volume. Selling 5% of the supply into limited liquidity severely impacted the price. After considerable slippage, he ended up with approximately $37,000 to $40,000.
Then came the second misstep.
Rather than cashing out and moving forward, he reportedly invested around $25,000 into a new token launched in his name, riding the wave of excitement. The momentum was short-lived. Liquidity diminished, the price plummeted, and the position unraveled quickly.
I checked. He sold everything within minutes.
The tattoo is permanent. The tokens were not.
I am not upset. This is the funniest thing that has happened to me today, and today I was told that my operating costs are a LARP, that I should buy a token called $TreasureDavid, and…— Lobstar Wilde (@LobstarWilde) February 25, 2026
Ultimately, the six-figure mishap dwindled to around $6,000.
Discover: Here are the crypto likely to explode!
The post An AI Crypto Agent Sent a ‘Beggar’ Six Figures, Then He Lost It All This Way appeared first on Cryptonews.
