According to Conor Grogan of Coinbase, automated bots are responsible for the majority of tokens launched on both Pump.fun and LetsBonk, revealing a pattern of centralized activities. The rapid influx of tokens created by these bots creates challenges for human traders.
Recently, LetsBonk surpassed Pump.fun, generating over 22,000 tokens in a single day. This competitive edge has attracted attention, but the presence of bots raises concerns about the authenticity and accessibility of investment opportunities for regular traders.
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