| Bonding Curve | |
|---|---|
| Type | Pricing mechanism |
| Field | Token economics |
| Shape | Up and to the right |
| Endpoint | Raydium (if you make it) |
Contents
A '''bonding curve''' is a mathematical formula that sets a token's price based on its supply: the more tokens bought, the higher the price of the next one. It is the core mechanism of Pump.fun and the reason every launch chart starts as a beautiful smooth slope before becoming a jagged monument to human emotion.
How it works
- Tokens are bought directly from the curve, not from other traders.
- Each purchase moves the price up the curve; each sale moves it down.
- On Pump.fun, when the curve fills, the token "graduates" and liquidity is deposited on a decentralized exchange.
Graduation
'''Graduation''' (also "bonding," "King of the Hill") is the memecoin equivalent of a bar mitzvah. Only a small fraction of tokens ever achieve it. The rest remain forever un-bonded, like the developer and their promises.
See also
This page was last edited on 2026-07-02 10:49:35.