Glossary
Virtual reserves
Also written or said as: virtual liquidity, virtual sol, virtual reserve
Starting balances that exist only inside a bonding curve's formula, used to set a new coin's opening price.
pump.fun's curve starts as if it held 30 SOL and about 1.07 billion tokens, even though nobody has paid anything in yet. Those numbers set the price for the first buyer and how fast the price climbs from there. As people buy, real SOL is added on top of the virtual amounts.
Learn it properly inThe bonding curve, step by stepLaunchpads 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.