Conor Grogan: Most PumpFun and LetsBonk new coins are manipulated by bots

According to Coinbase executive Conor Grogan, most tokens issued on the PumpFun and LetsBonk platforms are currently controlled by bots. According to the data he provided, new token issuances on LetsBonk in the past 24 hours show that the top-ranked accounts launch a new token every 3 minutes on average. [Wu Shuo]