Glossary / Launch Actions

Graduation (pump.fun)

When a pump.fun bonding curve token reaches its market cap threshold and migrates to PumpSwap and/or Raydium liquidity.

Graduation is the event where a pump.fun token completes its bonding curve. Liquidity migrates from the curve to a real AMM pool (PumpSwap or Raydium). The token becomes standard tradable SPL, indexed on DEX Screener automatically.

Graduated tokens no longer have bonding-curve price impact. Trading behaves like any other DEX pair, and further LP can be added by holders.

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