Speculation surged through the crypto community after Solana founder Anatoly Yakovenko was spotted uploading code to Github for what appeared to be a new decentralized perpetual futures exchange. Many believed a new competitor to platforms like Hyperliquid was on the horizon for Solana.

However, Yakovenko quickly clarified the situation, explaining that he was simply experimenting with the AI tool Claude and had made the code repository public by accident. The intense reaction highlighted the significant community interest in new perpetuals platforms.

“Make one repo public on accident and the whole world goes nuts,” Yakovenko later posted on X, commenting on the widespread excitement his accidental upload had caused.

The ‘Percolator’ Phenomenon

The incident didn’t end with the clarification. In response to the buzz, traders quickly launched a meme coin on Pump.fun named “Percolator,” after the name of Yakovenko’s GitHub page. The token rapidly soared to a market capitalization of $6.23 million before the Solana co-founder’s explanation became widely known.

Following his post, the token crashed 79% to a market cap of $1.28 million in a move characteristic of speculative meme coins. The event prompted Helius Labs founder Mert Mumtaz to comment on the passionate developer culture, noting that if a chain’s founder isn’t casually coding new decentralized exchanges, it might be time to find a new chain.