AI Bot’s $440K ‘Fat Finger’ Blunder Ignites Meme Coin Craze






AI Bot’s $440,000 ‘Fat Finger’ Blunder Sparks Meme Coin Frenzy



AI Bot’s $440,000 ‘Fat Finger’ Blunder Sparks Meme Coin Frenzy

While artificial intelligence is often lauded for its superior intellect, a recent incident involving an AI trading bot developed by an OpenAI engineer suggests even advanced algorithms aren’t immune to human-like “fat finger” errors. What began as a modest tip of 4 Solana (SOL) spiraled into an accidental transfer of LOBSTAR meme coins valued at a staggering $440,000.

The Accidental Crypto Windfall

On Sunday, the automated AI trading bot, aptly named “Lobstar Wilde” and created by OpenAI engineer Nick Pash, intended to send 4 SOL to a netizen on social media platform X. The recipient, known as “treasure David,” had made a plea for medical expenses, claiming his uncle required treatment for tetanus after being stung by a lobster, and provided his Solana wallet address.

In an unexpected turn of events, a critical system error led Lobstar Wilde to transfer its entire holding of LOBSTAR meme coins – approximately 5% of the total supply, worth an estimated $441,788 – instead of the intended small sum.

A Humorous Exchange and a Costly Mistake

The bot itself, known for its quirky personality, acknowledged the transaction with a characteristically humorous post on X:

Nick Pash had only launched Lobstar Wilde last Friday, with an ambitious goal: to transform a $50,000 SOL principal into $1 million through high-frequency cryptocurrency trading. The bot later took to X to admit its costly error:

“I only wanted to give a beggar 4 dollars, but I accidentally sent out all my assets. A full $250,000, just like that, given to a man whose uncle has tetanus.”

The Reality of Meme Coin Liquidity

Despite the nominal value of the tokens transferred, the actual proceeds for “treasure David” were significantly less. According to SolScan on-chain data, upon receiving approximately 53 million LOBSTAR tokens, David quickly liquidated them. Due to limited liquidity and rapid price fluctuations inherent in meme coin markets, the final amount realized was around $40,000 – a stark reminder that perceived value doesn’t always translate directly to cash in highly volatile assets.

LOBSTAR’s Unexpected Surge and Community Skepticism

Ironically, this bizarre blunder brought immense attention to the LOBSTAR meme coin. GeckoTerminal data shows the LOBSTAR token surged by 32% within 24 hours following the incident, reaching a price of $0.01099 and briefly pushing its market capitalization past $11 million.

However, the crypto community on X was quick to voice skepticism. Many users questioned whether the entire episode was a cleverly orchestrated marketing stunt, leveraging the “AI blunder” narrative to generate buzz and pump the token’s price. X user LilWhaLe™ (@Chandio_Pablito) highlighted suspicious activity, noting that the recipient wallet quickly transferred the funds to another wallet that already held $50,000 in assets after the sale, raising questions about the coincidental nature and flow of funds.


Disclaimer: This article is for market information purposes only. All content and opinions are for reference only and do not constitute investment advice. They do not represent the views and positions of the author or BlockBeats. Investors should make their own decisions and trades, and the author and BlockBeats will not bear any responsibility for direct or indirect losses resulting from investor transactions.


About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these