Key takeaways
- A pump.fun coin graduates when all 793.1 million tokens on its bonding curve have been bought, which takes about 85 SOL of net buying plus pump.fun's 1.25% trading fee.
- At graduation a pump.fun coin's market cap is about 411 SOL, roughly $39,700 at the SOL price of $96.67 on November 5, 2026.
- After graduation pump.fun migrates the curve's SOL and the 206.9 million reserved tokens into a PumpSwap pool, and the curve never trades again.
- In the 30 days to November 5, 2026, Jupiter's launchpad index counted 1,132,904 pump.fun launches and 31,174 graduations, a graduation rate of about 2.75%.
- Graduation does not set a pump.fun coin's future price; the PumpSwap pool opens near the curve's final price and the market decides from there.
The short answer
A pump.fun coin graduates when the last of the 793.1 million tokens on its bonding curve is bought. At that point about 85 SOL sits in the curve and the market cap is about 411 SOL, roughly $39,700 at November 5, 2026 prices. pump.fun then moves the SOL and the 206.9 million tokens it held back into a PumpSwap pool, and the coin trades there from then on. Only about 2.75% of pump.fun coins graduated in the 30 days to November 5, 2026.
How does the pump.fun bonding curve work?
The pump.fun bonding curve is a constant-product formula over virtual reserves, so every buy raises the price for the next one. pump.fun's program documentation lists the starting values in its Global account:
| Parameter | Value |
|---|---|
| Total supply | 1,000,000,000 tokens, 6 decimals |
| Tokens sold on the curve | 793,100,000 (79.31%) |
| Tokens held back for the pool | 206,900,000 (20.69%) |
| Initial virtual SOL reserves | 30 SOL |
| Initial virtual token reserves | 1,073,000,000 |
The price at any moment is virtual SOL divided by virtual tokens. The product of the two stays constant at 30 × 1,073,000,000, so when buyers have taken all 793.1 million tokens, virtual tokens fall to 279.9 million and virtual SOL rises to about 115 SOL. Subtract the 30 virtual SOL that was never real and about 85 SOL of real buyer money remains in the curve. These end values are derived from the documented parameters; pump.fun doesn't publish them as a single number.
How much SOL does it take to graduate?
It takes about 85 SOL of net buying to graduate a pump.fun coin from zero, plus the trading fee. On the bonding curve the fee is 1.25% of each trade (0.95% protocol, 0.30% creator) according to pump.fun's fee table, so buyers who never sell would spend about 86.1 SOL in total.
The curve is steep at the end. This table shows the curve at different progress levels, where progress is the share of the 793.1 million curve tokens sold:
| Progress | Tokens sold | SOL in the curve | Market cap | SOL still needed (fee included) |
|---|---|---|---|---|
| 0% | 0 | 0 | ≈ 28 SOL | ≈ 86.1 |
| 25% | 198.3M | ≈ 6.8 | ≈ 42 SOL | ≈ 79.2 |
| 50% | 396.6M | ≈ 17.6 | ≈ 70 SOL | ≈ 68.3 |
| 75% | 594.8M | ≈ 37.3 | ≈ 141 SOL | ≈ 48.3 |
| 90% | 713.8M | ≈ 59.6 | ≈ 250 SOL | ≈ 25.7 |
| 100% | 793.1M | ≈ 85.0 | ≈ 411 SOL | 0 |
Two things follow. A coin at 50% on pump.fun's progress bar has only about a fifth of the SOL it needs, and the last 10% of tokens costs about as much as the first 50%. And every sale puts tokens back on the curve, so a coin with heavy selling needs far more than 86 SOL of total buying to finish.
In dollars, at the SOL price of $96.67 reported by Jupiter on November 5, 2026, the 85 SOL is about $8,200 and the graduation market cap of 411 SOL is about $39,700. Older guides quote higher dollar figures because SOL was priced higher when they were written; the SOL amounts are what the program enforces.
What happens when a pump.fun coin graduates?
When the last curve token is bought, the curve is marked complete and rejects every further buy and sell. pump.fun's migration then opens a PumpSwap pool with the curve's SOL and the 206.9 million reserved tokens, usually within seconds. pump.fun's program config lists a pool migration fee of 15,000,001 lamports, about 0.015 SOL, described as "the minimum lamports necessary to pay for all accounts created during migrate."
After migration:
- Trading moves to PumpSwap. The coin trades on its canonical PumpSwap pool and through aggregators like Jupiter. Old trading links to the curve stop working.
- Fees change. PumpSwap fees are tiered by market cap. In the lowest tier, up to 420 SOL of market cap, the total is still 1.25%; from 420 SOL the creator share rises to 0.95%, then steps down as the coin grows. Pump.fun creator fees explained has the tier table and a calculation.
- Price is set by the pool. The pool opens at about the curve's final price. Nothing about graduating pushes the price up afterwards; graduated coins often swing hard in both directions in the first minutes.
How many pump.fun coins graduate?
Very few. The free Solana Launchpad Stats page tracks this daily from Jupiter's public launchpad index, and on November 5, 2026 that index showed:
| Window | pump.fun launches | Graduations | Graduation rate |
|---|---|---|---|
| Last 24 hours | 38,414 | 944 | ≈ 2.5% |
| Last 30 days | 1,132,904 | 31,174 | ≈ 2.75% |
Over the same 30 days pump.fun accounted for about 94.7% of all launches Jupiter indexes across Solana launchpads. Launch counts include spam and test coins, which is part of why the rate is low everywhere. Rates move with the market: when prices rise more curves fill, and when interest fades launches continue while graduations drop first.
A low graduation rate is the most useful single number for anyone launching or buying early. Around 97 of every 100 coins never fill their curve, and graduating is not a promise of anything after.
Can you buy out the rest of a curve yourself?
Yes. The curve is permissionless: anyone can buy the remaining tokens, and the last buy completes it. People do this to graduate their own coin, or to buy a coin that is close to finishing.
SOLTidy's Pump.fun Graduation Buy reads the curve, shows the exact SOL to complete it with pump.fun's fee included, and buys it out in one Jito bundle from your wallet and up to 12 wallets whose keys you paste. Example from the tool page: a coin at 86% has 111.3 million tokens left, which cost 33.14 SOL including 0.41 SOL of pump.fun fees, plus SOLTidy's fee of 0.5% of the SOL spent, 0.17 SOL. The last buy uses pump.fun's partial-fill option so it stops exactly at the end of the curve even if someone sold first, and if any buy would exceed its cap, the whole bundle is dropped and nothing is spent. What is a Jito bundle explains why.
Before you do it, three honest caveats:
- It is a large buy. You end up holding a big share of a coin whose price after migration depends entirely on other traders.
- It is visible. The wallets that bought the last tokens show up in pump.fun's trades and on holder screeners with their share of supply.
- Others react. Traders watch for coins close to graduating, and some sell into the final buys.
After graduation, Pump.fun Mass Sell and Mass Buy follow the coin to PumpSwap automatically.
Bottom line
A pump.fun coin graduates when its 793.1 million curve tokens sell out: about 85 SOL in the curve, a market cap near 411 SOL, and a migration to PumpSwap with 206.9 million reserved tokens. The curve is steep, so half the tokens cost only about a fifth of the SOL. In the 30 days to November 5, 2026 only about 2.75% of pump.fun coins got there, and getting there says nothing about what the price does next.
Questions & answers
How much SOL does it take to graduate a pump.fun coin?
About 85 SOL has to end up in the bonding curve, which is the SOL needed to buy all 793.1 million curve tokens. Buyers pay pump.fun's 1.25% trading fee on top, so roughly 86 SOL of buys in total if nobody sells. Every sale along the way puts tokens back on the curve and adds to the buying needed.
What market cap does a pump.fun coin graduate at?
About 411 SOL. The curve starts at a market cap of about 28 SOL and its final price, multiplied by the 1 billion supply, is about 410.9 SOL. In dollars that depends on the SOL price: about $39,700 at $96.67, the price on November 5, 2026.
What happens when a pump.fun bonding curve completes?
The curve is marked complete and rejects any further buys or sells. pump.fun then migrates the coin: the SOL in the curve and the 206.9 million tokens held back from it go into a new PumpSwap pool, usually within seconds. From then on the coin trades on PumpSwap and through aggregators such as Jupiter, and the creator fee follows PumpSwap's market cap tiers.
How many pump.fun coins graduate?
Only a few percent. Jupiter's launchpad index counted 38,414 pump.fun launches and 944 graduations in the 24 hours to November 5, 2026, about 2.5%, and 1,132,904 launches with 31,174 graduations over 30 days, about 2.75%. Launch counts include spam and test coins.
What does the progress bar on pump.fun mean?
It shows how much of the 793.1 million curve tokens has been sold. Because the curve is constant-product, progress and SOL are not linear: at 50% progress only about 17.6 SOL is in the curve, and the last half of the tokens costs about 67 SOL.
Can I graduate a coin myself by buying the rest of the curve?
Yes. Anyone can buy the remaining tokens. SOLTidy's Pump.fun Graduation Buy shows the exact SOL to complete a curve and buys it out from up to 13 wallets in one Jito bundle for 0.5% of the SOL spent. It is a purchase like any other: the coin can fall right after migration.
