Crypto AI Agent Raises $7.5M in Hours Before Sudden X Suspension

A crypto AI agent, part of a Solana project called AI Pool, made headlines after raising $7.5 million in just hours during its presale.

The presale, launched by an anonymous user known as “Skely” on X (formerly Twitter), gained significant traction quickly. However, both Skely’s and AI Pool’s accounts were unexpectedly suspended shortly after the presale, leaving investors questioning the project’s legitimacy.

AI Pool’s Rapid Success and Investor Interest

AI Pool leverages autonomous blockchain interactions and aims to generate tokens without human intervention. Skely, the creator, designed the project using a trusted execution environment (TEE) that secures private keys, even in the event of hacking.

Despite this assurance, the AI agent’s sudden rise and the subsequent suspension sparked investor curiosity and concerns. According to Chinese media and data provider Chain Catcher, the presale accumulated nearly 38,000 SOL, the equivalent of $7.5 million USD.

Investors sent a minimum of one Solana token (SOL) to the public address, with promises of future airdrops. However, Skely acknowledged the overwhelming participation, stating that many investors sent more than the prescribed 10 SOL maximum, despite clear instructions. This raised questions about the transparency and security of the operation.

Legal and Regulatory Implications

The rapid fundraising and involvement of U.S. investors in the project raise potential concerns over securities regulations. Offering tokens to investors, especially in the U.S., may trigger scrutiny from the Securities and Exchange Commission (SEC). While it is unclear whether AI Pool or Skely violated any laws, recent legal actions against similar memecoin projects, such as the HAWK coin, suggest a heightened regulatory focus on token offerings.

The situation highlights the volatility and risk inherent in the cryptocurrency space, especially with emerging technologies like AI agents. The lack of clarity regarding the suspension and its implications for investors adds to the uncertainty surrounding the project.

Key Takeaways:

• AI Pool raised $7.5M in hours, but faced sudden suspension.

• Solana-based project used an AI agent with a trusted execution environment.

• Investors were promised airdrops after sending SOL tokens to AI Pool.

• Legal concerns over SEC regulations regarding token offerings.

• Skely’s suspension leaves many questions unanswered about the project’s future.

The rapid rise of AI-driven crypto projects like AI Pool offers intriguing potential, but it also brings risks that investors must weigh carefully. As regulations evolve, these projects will likely face increasing scrutiny.