365Crypto
Bots are taking over memecoin launches—and fast. Coinbase’s Conor Grogan says most tokens on Pump.fun and LetsBonk are created by bots.
According to Grogan, bots are churning out new tokens almost every 3 minutes on average. He shared a chart showing that 13 wallets pumped out 4,281 tokens in a single day.
What’s LetsBonk?
LetsBonk is a memecoin launchpad built on Solana. It works like Pump.fun but has a twist: it offers BONK token rewards. That feature alone has made it a serious rival.
Since launching in April, it’s rapidly outpaced Pump.fun in daily volume and token launches.
Token Factories in Overdrive
Some wallets have launched thousands of tokens. One wallet made 4,669 total. Another launched nearly 500 in just 24 hours.
Only 37 of those have “graduated.” That means they got enough trading volume to leave the platform and list on a decentralized exchange (DEX).
LetsBonk Winning the Race
DefiLlama data shows LetsBonk made $1.23 million in revenue in 24 hours. Pump.fun? Just $520K. LetsBonk also launched 22,000 tokens in that same window—more than twice Pump.fun’s total.
Memecoin Market Slowing Down
Despite the chaos, the total value of memecoins is dropping. It fell 2.6% in one day to $54.7 billion. That’s far from its December peak of $127.3 billion.
The memecoin hype train may be slowing down—but the bots are still going full throttle.
