<ul data-eligibleForWebStory="false"><li>A Coinbase executive has warned that bots are dominating memecoin launchpads, with a few bots responsible for the majority of token launches.</li><li>Recent data reveals that top accounts on LetsBonk are launching new tokens every three minutes, with 13 wallets launching over 4,200 tokens in just 24 hours using automated strategies.</li><li>LetsBonk, a Solana-based platform launched in April, has surpassed Pump.fun in token output and revenue, witnessing over 22,000 token launches and generating $1.23 million revenue on Monday.</li><li>Although the memecoin market is cooling off with a 2.6% drop in total capitalization to $54.7 billion, only a fraction of tokens launched on these platforms transition to decentralized exchanges.</li></ul>

Bots Are Taking Over Memecoin Launchpads, Coinbase Exec Warns

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