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graduation
What does graduation mean?
When a token launched on a bonding-curve platform (like pump.fun) accumulates enough buys to 'graduate' — its liquidity migrates to a decentralised exchange for open trading.
"The coin just hit graduation and moved its liquidity to the DEX."
Origin
Pump.fun-era vocabulary for a token completing its bonding-curve phase (circa 2024).
Frequently asked questions
What does graduation mean in crypto?
It's when a memecoin on a bonding-curve launchpad hits its target market cap and its liquidity migrates to a full decentralised exchange for open trading.
What happens when a pump.fun coin graduates?
Its bonding-curve liquidity is moved to a DEX (such as Raydium), letting it trade freely on the open market instead of only via the launchpad curve.
Is graduation good for a token?
It's usually seen as a bullish milestone since it signals enough demand to reach the DEX, though plenty of tokens still dump right after graduating.
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