Coinbase Exec Says Bots Fuel Majority of Token Launches on Pump.fun and LetsBonk.
In the fast-paced world of meme coins and on-chain speculation, a Coinbase executive has raised concerns over the growing influence of bots in token creations.
According to Conor Grogan, Director at Coinbase, bots are behind the majority of new token launches on these LetsBonk and Pump.fun. In a post on X (formerly Twitter), Grogan revealed that automation, not organic community interest, is now driving the proliferation of tokens flooding these marketplaces.
He shared the above chart with data showing that the top accounts on LetsBonk had, on average over the last day, launched “one new token every 3 minutes.”
The Rise of Bot-Driven Meme Coins.
Pump.fun and LetsBonk have gained popularity for allowing users to launch meme tokens with minimal friction, often requiring no coding skills. These platforms offer a gamified interface and on-chain mechanics that have turned token creation into a viral trend.
However, with automation tools becoming more accessible, savvy developers are deploying bots to mass-generate tokens in hopes of catching a pump. Grogan’s chart shows that 13 wallets have launched a total of 4,281 tokens in the past 24 hours.
LetsBonk Outperforms Pump.fun
LetsBonk has also beaten Pump.fun on the number of tokens deployed, with the platform seeing over 22,000 tokens launched compared to just over 9,800 on Pump.fun on Monday, according to Dune data.
Additionally, DefiLlama shows that the Bonks generated $1.23 million in revenue in the past day, nearly double the revenue of its rival, which was around $520,400.
However, the total market value of memecoins has continued to decline over the last day as traders shift their focus away from the highly speculative sector.
Solana’s Responds
Solana, the blockchain powering both platforms, has not issued an official statement in response to Grogan’s claims. However, the chain continues to see record transaction volumes, in part due to the meme coin craze that has dominated its on-chain activity throughout 2025.
Moreover, developers and community members are now debating whether further guardrails or filtering mechanisms should be introduced to limit bot activity without undermining the open nature of the ecosystem.
As memecoins continue to shape on-chain culture, the increasing role of bots in token creation is pushing platforms and investors to confront the risks of automation in decentralized markets. While the trend may generate profits for some, the long-term sustainability of this model remains uncertain.
