Pump.fun announced Mayhem Mode and a new AI agent capable of trading meme tokens

Pump.fun announced an experimental Mayhem Mode, allowing AI agents to join the trenches for newly launched tokens. The automated bidding is a new step for AI agents and memes, as before, most agents relied on human assistants. 

Pump.fun announced its Mayhem Mode addition as a tool to increase early trading volumes by including AI agents. The meme platform did not explicitly announce Mayhem Mode or the agents to be involved, instead leaving the community to discover the addition in the documents. The AI agent will not create new tokens, unlike previous experiments for agent-generated memes.  

The trading agent wallet, however, was already known, potentially sending signals and boosting copy-trading. The AI personality also owns the Agent Pumpy Solana vanity address. 

‘Mayhem Mode aims to increase the number of good projects in the pump.fun ecosystem by making coin projects more appealing to engage in at early stages where they typically might fail,’ explained Pump.fun in its documentation. 

The agent, presumably called BUPA, owned only its own native BUPA token and additional Mayhem tokens. The agent started its activity on November 12, with just a few hours of trading before the community discovered the activity. 

For now, the AI agent has no significant trades, but may join a token with random transactions. The increased volumes due to AI activity will happen during the first 24 hours after a token launch. Pump.fun has posted a disclaimer that Mayhem Mode does not add economic value to a token or represent any promise of future performance. 

AI agent on Pump.fun will mint additional supply

Token creators on Pump.fun must select Mayhem Mode before launching their token. The model will not be deployed for already existing tokens on the Pump.fun bonding curve, or graduated tokens. 

The AI agent will mint an additional 1B tokens to each meme supply, bringing the total to 2B. After that, the AI agent will use the tokens to trade randomly. The experimental feature may make the initial trading even riskier and more volatile. The agent will buy and sell the token with a random selection of actions. 

At the end of the 24-hour period, the AI agent will burn all unsold tokens. Any tokens sent to the AI agent wallet during the initial Mayhem Mode period will be burned, and cannot affect the decision on buying or selling. The AI agent can randomly sell more tokens, thus depleting the bonding curve and preventing human traders from selling. 

Given the prevalence of sniping bots, the AI agent may not always compete against humans, but against simpler trading bots. 

Pump.fun trenches slow down

Pump.fun activity is having another slow period, with lower new token creations and fewer graduations. Daily token creation is down to 12K to 15K. Daily active addresses are down to around 31K, from a peak of over 200K about a year ago. 

Under 4,000 wallets are launching new tokens, declining after the initial hype of the creator reward program. Fewer tokens achieve higher valuations. 

Pump.fun continues to buy back PUMP, stabilizing the token around $0.004. For now, Pump.fun and PumpSwap achieve $2.8M in daily fees, enough to buy back some of the PUMP token supply.

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