Pump.fun has announced a test of an AI trading agent called Mayhem that bids on new meme tokens during the first 24 hours of launch.
Summary
What is Pump Fun’s Mayhem Mode and how does it work?
Pump.fun has rolled out an experimental Mayhem Mode that invites AI agents into early trading for freshly launched tokens. According to the Mayhem Mode documentation, an autonomous agent places bids in the first 24 hours after launch to stimulate activity in ai agents crypto trading.
However, the platform did not formally announce the feature; the community found it in docs. The AI agent will not create new tokens, avoiding automatic meme token minting. Moreover, Pump public docs note the setting must be selected at creation and is not available for existing or graduated coins.
The trading agent wallet was already known, which may signal liquidity and invite copy-trading. The AI personality also owns the Agent Pumpy Solana vanity address, a detail that could attract trading agents ai looking for cues.
“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,” Pump.fun explained in its documentation.
The agent, presumably called BUPA, held only its native BUPA token and additional Mayhem tokens. It began activity on November 12, with only a few hours of trading before the community spotted it. That said, significant trades had not appeared at that time.
For now, the agent may join tokens with random transactions, potentially lifting early volumes. Pump.fun adds a clear caveat in its Mayhem Mode disclaimer: the feature does not add economic value or promise future performance.
How the AI agent mints and trades
Token creators must opt in before launch. The model is not deployed to coins already on the bonding curve or graduated tokens, highlighting a possible bonding curve risk in the earliest phase. Moreover, the mode targets ai agents for trading during the launch window.
The AI agent will mint an additional 1 billion tokens per coin, bringing the total supply to 2 billion. It then buys and sells with a random action set, which can heighten token launch volatility. However, the agent will not originate new coins.
At the end of the 24 hours, all unsold tokens held by the agent are burned. Any tokens sent to the agent’s wallet during Mayhem Mode are also burned and cannot affect trading decisions. The agent can randomly sell more, depleting the bonding curve and preventing human sellers. Given sniping bots, it may often compete with simpler automation.
By the numbers: activity, fees and PUMP
Pump.fun continues to buy back PUMP, keeping the token around $0.004. For now, Pump.fun and PumpSwap generate $2.8 million in daily fees, supporting ongoing buybacks.
| Daily token creation | 12,000–15,000 |
| Daily active addresses | around 31,000 |
| Peak addresses (about a year ago) | over 200,000 |
| Wallets launching new tokens | Under 4,000 |
Activity has slowed with fewer graduations and fewer tokens reaching higher valuations. However, fees remain substantial, even as fewer creators launch new coins.
In sum, Pump Fun AI agent Mayhem could reshape early trading mechanics by inserting an AI bidder into day-one flows. However, the randomized trades, extra supply, and burns make outcomes unpredictable for humans and bots alike.
