Jinkies! The AI was crypto in a rubber mask

If you haven't heard yet, there's wild hype going around right now about a man who used Clawdbot to buy a car. I did some digging trying to figure out what we need to do from the bot categorization end on Clawdbot. Hold on for this wild ride.

OpenClaw previously went by the name Moltbot. MOLT is a memecoin and launched alongside the Moltbook (the performance art disguised as a bot social network). So far no one's been able to confirm if MOLT coin was launched by the same Moltbook team. Perhaps we need more transparency in crypto? Gasp.

Follow the money

A trader bought 1.24 billion MOLT tokens on Jan 28th, spending 0.68 ETH. This was the exact day the coin went live. On the 30th, Crypto bros pumped the MOLT token 1,800% in 24 hours.

That mystery investor realized a 563x return. The coin then crashed 75%. That initial investor who bought 1.28M MOLT tokens on the 28th spent about $1,926.40 for them. On the 30th, they cashed out for ~$1,082,636.80.

Guy who bought a car with Clawdbot appears to be part of a well-orchestrated PR campaign. No other post on his site mentions anything about AI or an interest in agentic tools. His post and the moltbook hype all started Jan 24th. I can't find a single thing older than January 24th referencing any of these technologies.

TL;DR-- This smells likes crypto pump and dump hype scheme.

Security nightmares disguised as AI promises

It gets worse as SecOp orgs started sounding the alarm that the same Clawdbot that became OpenClaw/a heinous cybersecurity nightmare. (If you're rightfully concerned about these unchecked furbies running amok on your network, check out Claw Hunter.)

I love new tech. I don’t like shady schemes that could lead us to make unwise decisions. Fight me.