What Is Graduation on Pump.fun? Meaning in Crypto
Graduation: Graduation is the moment a launchpad memecoin completes its bonding curve and its liquidity moves to a normal DEX pool, such as a PumpSwap pool for pump.fun coins.
Key takeaways
- A memecoin graduates when buyers fill its bonding curve; trading on the curve stops and the coin moves to a DEX pool.
- Pump.fun coins graduate to a pool on PumpSwap, pump.fun's own exchange, and pump.fun takes a 0.015 SOL migration fee.
- Graduation is rare: The Block reported a pump.fun graduation rate of 6.7% on one day in July 2026, against 2.5% the week before.
Graduation is the moment a launchpad memecoin completes its bonding curve and moves to a normal DEX pool. On pump.fun, a graduated coin leaves the curve and trades in a PumpSwap pool. Most coins never graduate.
How graduation works
A new pump.fun coin trades on a bonding curve. When buyers fill the curve, the coin "bonds": trading on the curve stops and the liquidity migrates to a liquidity pool on PumpSwap. Pump.fun charges a 0.015 SOL migration fee for this step (pump.fun fees).
In July 2026, pump.fun made BOOST the default. The Block reports that about 20% of the liquidity at migration used to stay locked in the pool. With BOOST, it buys the coin automatically in the first five minutes after migration, and the bought tokens are burned (The Block).
Example: a coin fills its curve in two hours. It appears on PumpSwap, the BOOST buys start, and trading tools that route to PumpSwap can now trade it.
Why it matters for traders
Graduation is a filter, not a safety check. The Block reported a graduation rate of 2.5% in one week of July 2026 and 6.7% on the best day. Many graduated coins still fall fast after the first wave of buys. Check the holders and the contract with our rug pull guide before you buy.