Pump.fun's Mayhem Mode feature did not work as expected, with the number of new Token only increasing slightly and users complaining that they were being "duped" by the AI.
pump.fun's Mayhem Mode feature is disappointing, users are "turned upside down"
Last week, the market’s largest memecoin issuance platform , pump.fun , announced the launch of “Mayhem Mode,” which allows an AI agent to automatically trade new memecoins within the first 24 hours. However, contrary to expectations of a boost for the memecoin ecosystem, first-week data shows that Mayhem Mode’s impact is very limited.
What is the Mayhem Mode feature?
- According to pump.fun's description , Mayhem Mode operates on an opt-in basis, meaning that Token creators can actively enable or disable this mode upon issuance. When activated, the system will Mint an additional 1 billion Token for the AI agent to trade automatically in the first 24 hours. The rules are clearly set: excess Token will be burned after 24 hours, the AI is limited in frequency and order size, and no protocol fees are charged for executed transactions.
- The goal of the feature is to help new Token quickly attract attention, creating a layer of controlled liquidation to help the price discovery process run smoother. However, many people are still cautious, thinking that an agent automatically buying and selling in large volumes can create a wash trading effect, making on-chain data more fake than reality.
- However, pump.fun defended that this was not market manipulation but a regulated market-making mechanism, similar to liquidation bootstrapping activities in DeFi. The transparency of the opt-in mode, along with the lack of fees, is said to help Mayhem Mode avoid accusations of wash trading.
The actual figures are dismal in the first week.
- According to statistics from The Block , before Mayhem Mode was launched, the number of newly created Token on pump.fun Medium 17,300 Token per day. After the feature went live, this number only increased slightly to 17,800 Token/day, equivalent to an increase of less than 3%, which is almost insignificant considering the scale of tens of thousands of Token deployed every day.
Statistics on the number of Token launched on Solana Launchpads. Source: The Block (November 19, 2025)
- Although the number of Token launched remained almost unchanged, pump.fun's revenue recorded a decline in the first week of Mayhem Mode's operation. Since the platform's main source of revenue comes from Token creation fees, Bonding Curve fees and early transaction fees, when the amount of newly created Token stagnated, the cash flow into the system also naturally narrowed, leading to a significant decrease in efficiency.
- As a result, pump.fun's PUMP Token buyback program, which is deducted from revenue, has also been affected, significantly affecting the Token price. According to CoinGecko data, the price of PUMP is fluctuating around $0.003, down more than 48% since the Token launch.
PUMP price movement in the last 24 hours, screenshot on CoinGecko at 01:45 PM on 19/11/2025
The community was "duped" by Mayhem Mode's own AI
- Immediately after pump.fun deployed Mayhem Mode, the user community quickly responded with a series of complaints that they were "turned upside down" by this new feature.
- Many people Chia negative experiences, including @thelordys, who said he created a Token on pump.fun with Mayhem Mode himself, then invested an additional 1.5 SOL to support the price chart.
🚨DO NOT TRADE MAYHEM MODE TOKENS! 🚨
— Lordy (@thelordys) November 12, 2025
I launched Token on @Pumpfun on Mayhem Mode.
I applied 1.50 SOL to my coin to support my chart.
Then Mayhem Agent arrived and dumped the Token to the ground.
Now I cannot even sell my leftover tokens worth of 1.2 SOL. It says Pool dried.… pic.twitter.com/2xUIZwBRJn
- However, not long after, Mayhem Agent suddenly Dump heavily, causing the Token price to fall freely. When trying to sell the remaining Token worth about 1.2 SOL, he discovered that the liquidation had dried up and he could not withdraw Capital. This person was upset that he was lost by Mayhem Rug , while the technical support department only briefly replied that he needed to understand the risks.
Was testing out Mayhem Mode on @Pumpfun
— DaddyShark (@dcldaddyshark) November 13, 2025
Got robbed 1 SOL....
Now support is telling me the 1.1 SOL i put in is frozen and I can never get it out unless someone buys a dead test CA..... @Pumpfun @a1lon9
This is theft? I just got honeypotted by @Pumpfun #pumpfun #mayhem pic.twitter.com/OqHYkFEYA6
- Not only the above account, another user named @dcldaddyshark also encountered a similar situation. He said that during the Mayhem Mode testing process, he lost 1 SOL and was informed by the support team that the 1.1 SOL deposited was "frozen" and could not be withdrawn unless someone bought back this Token . This person called this a disguised "honeypot" behavior, luring users to participate and then losing money unreasonably.
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