pump.fun Graduation Rate Tracker
How many new pump.fun tokens graduate (complete their bonding curve) each day, and what share of new launches that represents. Summarized by the hour, updated daily.
Figures above are as of 2026-10-21 19:40 UTC+8 and updated once a day.
What the graduation rate tells you
On pump.fun, a new token first trades on the platform’s own bonding curve. Once it raises the set amount and all sellable supply on the curve is sold, the curve is complete. That step is called graduation; a migration transaction then moves the token into a trading pool. The graduation count on this page counts completed curves and does not separately check whether the migration has been executed. A low graduation rate means a large share of new tokens never clear even this bar. They lose their buyers while still on the curve.
The ratio is useful for tracking shifts in overall activity. With the same launch volume, a rising graduation rate usually means money is willing to chase new tokens. A graduation rate that keeps falling means the supply of new tokens far exceeds the money willing to buy them.
Things to keep in mind
- The graduation rate is “graduations in a period ÷ new launches in the same period”. It is a rough ratio, not the true graduation share of any one batch of tokens. Seeing how many tokens from one batch eventually graduate requires tracking them by launch time. That will be added once enough history has built up.
- Graduation does not mean safe. After migrating to a pool, early holders can still sell, and the price can still go to zero quickly.
- Only pump.fun is covered for now. When other launchpads are added, it will be noted in the version history on the Methodology page.