Telegram Bots Fuel Memecoin Speculation Surge, Impacting ETH & SOL

The rapid rise of memecoins fueled by automated trading bots on Telegram is reshaping the crypto landscape. Platforms like BONKbot and Banana Gun are driving dramatic boom-bust cycles in early 2023, impacting the Ethereum (ETH) and Solana (SOL) ecosystems through explosive trading activity. These bots accelerate market volatility and trading volumes, leading to concerns about liquidity, security, and strategic trading practices within key crypto assets.