Glossary
Migration
Also written or said as: migrated, migrating, migrate, migrations
The move of a graduated coin's liquidity from the bonding curve into a normal DEX pool.
When a pump.fun coin graduates, the SOL and remaining tokens from its curve go into a PumpSwap pool. Since PumpSwap launched in March 2025 that happens instantly; before that, coins moved to Raydium. The minutes around migration are often wild, as snipers buy the new pool, curve buyers take profit and, on most new pump.fun coins, BOOST buys the coin for about five minutes.
Learn it properly inGraduation: what happens and what changesLaunchpads and the bonding curve · 4 min readRelated words
This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.