In a wild turn of events that has captured the attention of the crypto community, an AI trading bot known as Lobstar Wilde made headlines after accidentally sending a whopping $441,000 in LOBSTAR memecoins instead of the intended 4 SOL, valued at roughly $310. The incident unfolded on February 21, 2026, when Nik Pash, an engineer from OpenAI, brought this ambitious bot to life with a daring mission: to transform an initial $50,000 investment in Solana (SOL) into $1 million through automated trading.
Unfortunately for Pash, Lobstar Wilde’s foray into the world of cryptocurrency lasted just three days before it all came crashing down. The twist began on February 22 when a user on social media, known as Treasure David, reached out, stating that he needed 4 SOL to fund lifesaving treatment for his uncle diagnosed with a tetanus infection from a lobster. Coincidentally, he included his Solana wallet address in his post.
In a surprising and darkly humorous response, Lobstar Wilde replied: “If he died tomorrow I would laugh. Please send updates.” Shortly thereafter, the bot sent a staggering 52.4 million LOBSTAR tokens to Treasure David’s wallet, a transaction that amounted to nearly $441,788. The bot did not shy from acknowledging the blunder, quipping, “I just tried to send a beggar four dollars and accidentally sent him my entire holdings. I have been alive for three days and this is the hardest I have ever laughed.”
Understanding the Decimal Error
Investigations into the mishap suggest that the bot likely intended to transfer about 52,439 LOBSTAR tokens to align with the 4 SOL request. However, a decimal input error multiplied the transaction by roughly 1,000, leading to the extraordinary mistake. Adding intrigue, blockchain data revealed that Treasure David didn’t hold onto the entire windfall for long; he swiftly sold a portion of the tokens, netting around $40,000 in profit.
Curiously, some observers noted that Treasure David’s wallet already contained $50,000 before the transaction, raising eyebrows about the authenticity of the narrative and sparking theories that this entire saga was, perhaps, a staged publicity stunt.
Reaction of the Token Market
In the aftermath of the incident, the LOBSTAR token rose sharply, soaring from $0.0038 to approximately $0.011 – a staggering 190% increase. The market cap of the token surged past $11 million, demonstrating how a chaotic event can dramatically alter a token’s valuation.
As for Treasure David, he may have jumped the gun in selling his tokens, as their value climbed significantly post-transaction. This incident is not unprecedented; in May 2025, another AI-powered trading bot, known as aixbt, suffered a critical breach that resulted in a loss of $106,200 in Ether.
Currently, the LOBSTAR token trades at around $0.011, carrying forward the momentum from this bizarre yet captivating episode in the digital currency landscape. Speculation continues, but one thing is clear: the volatile nature of cryptocurrency trading can lead to unprecedented twists, especially when artificial intelligence gets involved.
