analysis: http://Pump.fun There are a large number of robots manipulating the market, creating false liquidity through high-frequency small-scale transactions According to data from BeInCrypto and Dune, http://Pump.fun There are a large number of trading robots manipulating the market. These robots create false liquidity through high-frequency small-scale transactions, accounting for 60% -80% of the token trading volume, The phenomenon of "agency paradox" is formed - false trading volume triggers FOMO sentiment among retail investors, which in turn pushes up prices for robots to cash out and exit. Analysts point out that such operations distort market signals and render volume based indicators ineffective. Although it may bring stress testing and temporary liquidity to the Solana network in the short term, it may harm ecological health in the long run. meanwhile, http://Pump.fun We are facing challenges from emerging competitors such as LetsBank, which are seizing market share with faster coin launch speed and developer engagement.