Coinbase executive: Most tokens issued on Pump.fun and LetsBank are operated by bots

Coinbase product manager Conor Grogan posted on the X platform, stating: "Currently, most of the tokens launched on Pump.fun and LetsBank are operated by bots; The following figure shows the situation of new tokens launched on LetsBank in the past 24 hours. The top ranked accounts release a new token on average every 3 minutes. ”Conor previously disclosed in January that "someone created about 18000 tokens on Pump.fun." Conor pointed out, "My post in January focused on a person's behavior, and I manually confirmed that each of his tokens was personally launched. But now, he has been replaced by a machine operator