🤖 Automated bots are likely behind most tokens that launch on the memecoin creation tools Pump.fun and LetsBonk, according to an executive at crypto exchange Coinbase.
“The great majority of tokens launched on PumpFun and LetsBonk are today run by bots,” Coinbase head of product Conor Grogan posted to X on Monday.
He shared a chart with data showing that the top accounts on LetsBonk had, on average over the last day, launched “one new token every 3 minutes.”
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It continues a general decline the segment has seen since hitting a peak value of $127.3 billion in December, nearly a year after Pump.fun launched in January 2024. It was at the peak of its popularity amid a wider market boom at the time.
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2025-07-08 09:34