Overview
- The bot, Lobstar Wilde, transferred about 52.4 million LOBSTAR tokens—roughly 5% of supply—worth between $250,000 and $441,000 in a single irreversible Solana transaction.
- The recipient, identified as ‘Treasure David,’ quickly sold a portion and realized roughly $40,000 due to thin liquidity and severe price slippage, according to on-chain data.
- Market activity spiked following the incident, with 24-hour trading volume topping $36 million and the token’s market value rising above $11 million, per Gecko Terminal.
- Coverage cites a likely decimal or parsing mistake that multiplied an intended 4 SOL tip into a full-balance transfer, though no official confirmation has been provided.
- The bot remains active and no recovery occurred, as debate over safety and intent continues, with some users alleging a stunt and regulators reiterating oversight of AI-driven trading tools.