The agent is part of a Solana project by X user “Skely”, but both the agent’s and Skely’s X accounts have since been suspended for reasons that, at the time of reporting, were still unclear.

Investors Flock to Questionable Solana AI-Themed Project

A Solana crypto AI agent dubbed AI Pool, created by an X user who goes by the name “Skely,” raised $7.5 million for its presale in a matter of hours earlier today, according to reporting by Chinese media and data service provider Chain Catcher. But Skely’s and AI Pool’s X accounts were both suddenly suspended soon after the launch.

(Screenshot of X account @123skely)

Crypto AI agents are autonomous AI systems designed to interact with blockchains and perform activities such as creating memecoins. This particular agent appears to have been experimenting with a partially autonomous presale that leverages a trusted execution environment (TEE) designed to ensure no humans have access to private keys for the tokens the agent generates.

“Even if I get hacked, I can’t steal the funds,” Skely posted on X, prior to his suspension.

AI Pool received substantial interest from investors after Skely announced the presale on X. Investors sent a minimum of one solana token (SOL) to the agent’s public address and will supposedly receive airdropped tokens in return at some point in the future. The address had accumulated nearly 38,000 SOL at the time of reporting, equivalent to roughly $7.5 million USD.

“No coin is launched. You can watch the wallet, and you will be airdropped coins,” Skely said. “But also, please stop sending SOL,” he added, acknowledging the overwhelming surge in interest from investors.

The maximum investment for AI Pool was supposed to be 10 SOL per person, but it seems many investors sent much larger amounts.

“Many people sent way more than 10 SOL when they were explicitly told to send 10 SOL only,” Skely wrote on X. “I got to figure out something for these retarded beautiful people, but it’s rough since it’s AI and in a TEE.”

Raising money for a project by issuing tokens to U.S. investors is generally considered a securities offering, an activity that would fall under the purview of the Securities and Exchange Commission (SEC). It’s unclear if AI Pool or Skely violated any securities laws.

Last week, seventeen plaintiffs filed a legal complaint against Haliey Welch, better known as “Hawk Tuah Girl,” after she launched a memecoin HAWK that quickly imploded shortly after it went live.

The plaintiffs alleged a violation of federal securities laws.
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