Pump's new "Mayhem Mode" fails to boost token issuance or platform revenue in its first week

Jinse Finance reported that last week, Pump.fun launched "Mayhem Mode," an optional token creation setting. Within the first 24 hours after a token goes live, an autonomous AI trading agent will buy and sell the new token. This feature mints an additional 1 billion tokens for the agent to trade with, and any unused tokens will be burned after 24 hours. Notably, the agent's trading size and frequency are both limited, and it does not pay any protocol fees. Against this backdrop, "Mayhem Mode" aims to facilitate early price discovery and help more new tokens gain attention faster. Since the issuance process remains unchanged, the expected improvement mainly lies in increased token exposure. However, this feature may be seen as similar to "wash trading," as a single entity with a positive impact artificially increases trading activity. Nevertheless, factors such as public disclosure, user opt-in, and the agent not paying protocol fees make it closer to platform-provided guided liquidity or market-making mechanisms. If Pump combines Mayhem with stronger content filtering and ranking systems, this extra first-day trading activity could increase the probability of some tokens "exploding" in popularity. But without these supporting measures, Mayhem may become a "high-noise, low-yield" feature.