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Coinbase’s head of product, Conor Grogan, reveals that bots are likely behind most memecoin launches on platforms like Pump.fun and LetsBonk. This automation raises concerns about the authenticity and sustainability of these tokens.
- Coinbase's Conor Grogan states bots dominate memecoin launches on Pump.fun and LetsBonk.
- Top LetsBonk accounts create a new token every three minutes on average.
- Automation in memecoin creation raises concerns about market manipulation.
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Related Tags: Coinbase Global Inc.