Answer
What happens when a coin graduates?
A coin graduates when its bonding curve completes at 85.0054 SOL raised — about 410.88 SOL of market cap, roughly $38.6k — and it migrates automatically to a PumpSwap pool for a 0.015 SOL fee, permanently.
The curve finishes
The curve starts with 30 virtual SOL and 1.073 billion virtual tokens against a supply of 1,000,000,000, of which 793,100,000 are sold on the curve. Opening market cap is about 28 SOL. When the last of the curve supply is bought, the coin graduates.
Nothing about reaching the number is discretionary. The curve is a formula; when the reserves hit the boundary the migration is triggered by the program, not by the creator, and no one has to press a button or pay a bill at that moment beyond the migration fee.
- Raised at completion: 85.0054 SOL.
- Market cap at completion: about 410.88 SOL, roughly $38.6k at SOL $93.96.
- Supply sold on the curve: 793,100,000 of 1,000,000,000.
- Migration fee: 0.015 SOL.
What migration does
The remaining tokens and the raised SOL move into a PumpSwap pool. Trading continues there under a different fee schedule: 1.25% below about 420 SOL of market cap, stepping down to 0.30% at large caps.
Burning the LP removes the classic rug vector — there is no liquidity for the creator to withdraw — but it does not put a floor under the price. Holders can still sell into a market that keeps falling.
- LP tokens are burned, so the liquidity cannot be pulled.
- The pool is owned by the protocol, not by the creator.
- Creator fees accrue in a separate PumpSwap vault from that point.
- The bonding curve stops existing as a market.
- The price does not reset; trading resumes from where the curve finished.
Irreversible, and rare
Graduation cannot be undone, reversed or re-run. A coin that migrates stays migrated.
The number to hold on to is the graduation rate, not the graduation price. Almost every coin that starts on a curve never reaches the 85.0054 SOL line, and most stop trading on the day they launch. The rate has also fallen as launches have multiplied — 0.63% in September–October 2025 against 0.198% in May–June 2026.
- 0.198% of launches graduated in the May–June 2026 sample — 1,651 of 832,941.
- Most never reach the line at all, and the rate has fallen as launches have multiplied.
- 4.55% of tokens were still trading at 90 days.
- Launches averaged about 33,676 a day, roughly one every 2.5 seconds.
- 68.67% recorded their last trade on the day they were created.
- 80.37% were dead within a day.
Related questions
Can a coin be un-graduated?
No. Migration is automatic and irreversible; the pool stays and the curve does not come back.
Who owns the liquidity after graduation?
The protocol owns the pool and the LP tokens are burned, so no one can withdraw the liquidity.
Does the price reset at graduation?
No. Trading continues in the new pool from the price the curve finished at, under a different fee schedule.
Where to go next
- What are mint, freeze and update authorities?
- Why does my token show no price?
- The full launch guide: costs, socials, 21-day runway
- Every question we have answered
If the brand and the page are what is stopping you
Mint a Brand draws the icon, banner and stickers, builds the token site on its own subdomain and prepares the launch for your wallet to sign, for $30. Your wallet pays the network fee and is the creator of record.
Sources
Checked 2026-10-31 · nothing here is financial advice, and most meme coins go to zero.