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Automated robots are probably behind most of the tokens they start on MEMECOIN, Pump and Letsbonk, says Crrypto Exchange Coinbase, CEO.
“The vast majority of chips running on pumpfun and Letsbonk now run robots,” Coinbase product head Conor Grogan Coinbase published to XV Monday.
He shared a chart with data that shows that the highest accounts on the Letsbonk have launched “one new token every 3 minutes” on average in the last day.
Letsbonk is based on Solana The creation of tokens The platform that was launched at the end of April as an opponent at the pump.Fun and quickly became a popular alternative due to a relative token Bonk (Bonk) offering rewards – a product that Pump.fun still has to run.
More than a dozen wallets will trigger thousands of memoins
Grogan shows that 13 wallets in the last 24 hours have launched a total of 4,281 chips.
Data At Dune Analytics, he shows that the creator of the best tokens on the platform launched 4,669 chips.
The second largest creator of Token launched less than 2,400 tokens, but it was the best creative wallet in the last 24 hours and founded almost 500 tokens in one day.
The number of tokens from these two best accounts that have the so-called “completed” is only 37, with the “BWAV” wallet has 30 graded tokens-the best of 25 token accounts.
The graded token is when the newly launched memecoin sees enough volume of trading to “complete” from a platform such as Letsbonk and a list for a decentralized exchange, and exhibits it to a larger audience.
Letsbonk Outspaces Pump.Fun
Letsbonk beat Pump.fun in income and in the number of chips deployed in the last 24 hours.
Defill show This has generated revenues of $ 1.23 million last day, almost double pump. FUN Revenue of approximately $ 520,400.
Letsbonk also defeated the pump. FUN on the number of tokens deployed, while the platform was lowered by over 22,000 chips compared to more than 9,800 on the pump. Fun on Monday, according to Dune data.
MEMECOIN market continues to decline
However, the total market value of MEMECOINS has fallen on the last day because traders continue to move the focus from a highly speculative sector.
Market capitalization of memecoin in the last day has fallen by 2.6% to $ 54.7 billion, according to CoinMarketcap.
It continues a general decline that the segment recorded since it was hit by a maximum value of $ 127.3 billion in December, almost a year after the pump. Fun started in January 2024. It was at the peak of its popularity in the middle of a wider market boom at the time.
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