LOBSTAR surged around 190% in 24 hours after agent SOL AI mistakenly sent a 5% supply to a random user, highlighting agent risk.
An artificial intelligence agent operating a Solana blockchain wallet mistakenly transferred 52.4 million LOBSTAR tokens to an unintended recipient due to a coding error, according to reports from the cryptocurrency community.
The incident resulted from a technical failure that caused the agent to send approximately 5% of the total token supply to a random address instead of executing a small donation as planned, according to blockchain transaction records.
The error occurred when the agent underwent a session reset that cleared its memory of previous allocations, according to technical analysis of the incident. The malfunction led the automated system to transfer 52.439 million LOBSTAR tokens instead of the intended lower amount.
Technical experts said the problem stemmed from a parsing error, with the agent apparently misinterpreting the decimal values of the tokens as raw integer values. The lack of safeguards allowed the erroneous transaction to execute on the blockchain.
The recipient initially held tokens of significant paper value, but market conditions prevented these gains from being realized. According to market data, the attempt to sell 5% of the total supply in limited market liquidity resulted in serious price slippages, reducing the actual proceeds to a fraction of the apparent value.
The recipient then allocated a substantial portion of the profits to a newly launched token bearing their name, according to blockchain records. The price of the new token saw a rapid decline as liquidity dried up and the position lost value within minutes.
The final value realized from the six-figure token transfer is only a few thousand dollars, according to estimates based on transaction data.
The token’s price then increased as community members adopted a narrative around “agent risk,” referring to the risks associated with autonomous agent operations, according to social media discussions among token holders.
The incident has drawn attention to the need for protection mechanisms when autonomous systems control cryptocurrency assets, according to blockchain security watchers.