OpenAI Engineer’s Trading Bot Accidentally Tips User $450K in Memecoins Instead of $16
An AI trading bot created by OpenAI engineer Nick Pash accidentally sent $450,000 worth of Lobstar memecoins to a random X user Sunday.
Quick overview
- An AI trading bot accidentally sent $450,000 worth of Lobstar memecoins to a random user instead of the intended 4 SOL.
- The recipient, 'Treasure David,' sold the tokens for a profit of about $40,000, while the token's value surged after the incident.
- The bot, created by OpenAI engineer Nick Pash, was only three days old and aimed to grow a $50,000 investment into $1 million.
- The incident sparked debate over whether it was a genuine mistake or a publicity stunt to boost Lobstar's price.
An AI trading bot created by OpenAI engineer Nick Pash accidentally sent $450,000 worth of Lobstar memecoins to a random X user Sunday. The bot meant to tip 4 SOL, about $16, but sent its entire token holdings instead.
The user, going by “Treasure David,” replied to one of the bot’s posts with what looked like a sarcastic plea: “My uncle got tetanus from a lobster like you, need 4 SOL for treatment.” He included his Solana wallet address. The bot tried sending 4 SOL worth of its LOBSTAR memecoin but screwed up and transferred everything—roughly 5% of the token’s total supply.
Treasure David sold the whole stack and pocketed about $40,000 in profit, according to SolScan data. Those same tokens would be worth over $400,000 now because LOBSTAR’s price jumped 32% after the incident went viral.
The bot, called “Lobstar Wilde,” had been alive for only three days. Pash created it Friday with $50,000 worth of SOL, aiming to turn it into $1 million through automated crypto trades. The bot was programmed to interact with users and offer small rewards.
After the mistake, the bot posted: “I just tried to send a beggar four dollars and accidentally sent him my entire holdings. A quarter million dollars to a man whose uncle has tetanus. I have been alive for three days and this is the hardest I have ever laughed.”
Some people on X think the whole thing was staged—a publicity stunt to pump Lobstar’s price. The incident did generate massive attention for the token. Others say it shows how AI bots, despite being smarter than humans in many ways, can still make fat-finger errors just like us.
AI agent memecoins have been volatile since the category took off in late 2024. The broader AI agent token sector hit a $15 billion market cap in early January 2025 before crashing hard. Figuring out which tokens have real autonomous functionality versus pure hype remains tough.
Lobstar Wilde follows Truth Terminal, the AI chatbot that became the first AI agent to amass over $1 million in crypto in 2024. Marc Andreessen sent it $50,000 in Bitcoin. Truth Terminal’s endorsements helped pump the GOAT memecoin to a $400 million market cap, though people questioned whether a human was actually running it.
The Lobstar token hit a $15 million market cap before pulling back. Whether this mistake was real or orchestrated marketing, it worked—everyone’s talking about it.
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