PANews reported on November 19th that, according to The Block, Pump.fun 's "Mayhem Mode," launched last week , has not significantly boosted platform growth. Data shows that before the mode's launch, the platform's average daily new coin issuance was 17,300, increasing to 17,800 within a week, a growth of less than 3%. Although the Mayhem Mode introduced AI trading agents to increase initial token trading activity, it failed to drive revenue growth; in fact, platform revenue declined, weakening support for PUMP token buybacks. Currently, PUMP's market capitalization is approximately $1.1 billion, down about 30% from its all-time high.