PANews July 8 news, Coinbase product director Conor Grogan posted on the X platform: "Nowadays, most tokens launched on Pump.fun and LetsBonk are operated by bots; the following image shows the new tokens launched on LetsBonk in the past 24 hours. The top-ranking accounts launch a new token on average every 3 minutes." Conor previously revealed in January that "someone created about 18,000 tokens on Pump.fun," to which Conor pointed out: "My post in January focused on one person's behavior, and I manually confirmed that each of his tokens was launched by him. But now, he has been replaced by bots."