Bots are likely behind most of the memecoins launched on Pump.fun and LetsBonk, according to Coinbase’s head of product, Conor Grogan.
Automated bots are likely behind most tokens that launch on the memecoin creation tools Pump.fun and LetsBonk, says 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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