QUANTUM QNT

Pump.fun From Launch to Graduation, Step by Step

Updated | 4 min read | QUANTUM (QNT) community

Why go deeper than the basics

You may already know the outline from what pump.fun is and what a bonding curve is. This guide follows one coin through its whole early life, so you can tell which stage a token is in and what that means for your trade. Everything here describes mechanics, not a view on any coin. Nothing is financial advice, and the QNT memecoin is independent of Quantinuum Ltd.

Stage 1: creation

Per a project directory summary, creating a token on pump.fun has no platform fee beyond the normal Solana network fee. Each new token is reported to have a fixed supply of one billion, with about 800 million placed into the bonding curve and the remainder reserved for the later liquidity pool. The creator does not need to seed any liquidity, which is why launches are so cheap and so numerous. It is also why most launches go nowhere: the same directory reports that fewer than 2 percent of launched tokens graduate.

Stage 2: trading on the curve

There is no order book and no pool of paired tokens yet. A smart contract holds the tokens and a reserve of SOL, and it quotes a price from a formula. Each buy sends SOL in and moves tokens out, which pushes the price up the curve. Each sell does the reverse. Pump.fun's public developer notes mention "virtual" reserves, meaning the formula starts as if some SOL were already present so early prices are not zero. Because you always trade against the contract, a sale never needs a human buyer, but large sales still move the price down the curve.

What it costs to trade on the curve

Pump.fun's fee page lists, for SOL-paired coins on the curve, a 0.300 percent creator fee plus a 0.95 percent protocol fee, a 1.25 percent total. Fees are collected in the quote asset (SOL), not in the coin. The app says it adds nothing beyond those fees, though normal network fees are separate (see slippage and priority fees). Fees can change, so read the live page rather than trusting any article, including this one.

Stage 3: the curve fills

A curve "completes" when enough SOL has been deposited to buy out the tokens reserved for it. Sources describe the threshold as roughly 85 SOL deposited. Older coverage quoted this as a market cap of about 69,000 dollars, but that dollar figure depends on the SOL price on the day, which is why the threshold is better thought of in SOL. Pump.fun's developer notes add a detail: with the newer trade instructions, the buy that empties the curve can exceed the remaining supply, and the extra is taken from the tokens that would have gone into the pool, at the pool's price. After that buy, no trades are possible on the curve until migration happens.

Stage 4: graduation (migration)

Pump.fun's own docs say a flat 0.015 SOL fee applies when a coin migrates to PumpSwap, taken from the curve for SOL-paired coins. In March 2025, The Block reported that the older roughly 6 SOL migration fee, which applied when coins moved to Raydium, was gone. Pump.fun's creator-fee notes say a canonical PumpSwap pool is created by the platform's migrate instruction from a completed curve. The pool opens at the price where the last curve buy stopped, so there is no gap between the last curve price and the first pool price. For what happens next, see the PumpSwap guide.

What graduation does and does not mean

A calm way to use this

  1. Note whether the token is still on the curve or already in a pool. The page you trade on usually says so.
  2. If it is on the curve, remember your exit is the contract itself, and the price falls as people sell.
  3. Expect fees of around one percent each way on the curve, so a quick in and out costs more than it looks.
  4. Decide your budget first with a memecoin budget, and only use money you can afford to lose entirely.

Memecoins are volatile and many go to zero. This page promises no outcome for any token. If you are researching QNT, remember it is a community memecoin and not the company, as explained in the name overlap guide.

Sources and further reading

Reported as of 2026-10-09. Platform fees and rules change often, so check the primary pages before relying on any number. This is education, not financial advice. The QNT memecoin is independent of Quantinuum Ltd, the real company.

Frequently asked questions

How much SOL is needed for a pump.fun coin to graduate?

A project directory reports roughly 85 SOL deposited into the curve, and an analysis site gives the same figure. Older coverage cited about 69,000 dollars of market cap, which moves with the SOL price. Check the live platform.

What fee do I pay on the bonding curve?

Pump.fun's fee page lists 1.25 percent for SOL-paired coins, made of a 0.300 percent creator fee and a 0.95 percent protocol fee. Network fees are separate, and fees can change.

Does graduating make a coin safe?

No. It only means the curve was filled. You still need to check holders, authorities and liquidity, and the coin can still fall in value.

What happens to trading during migration?

Pump.fun's developer notes say that once the curve is emptied, no buys or sells are possible on it until migration completes, after which the pool opens at the last price.

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QUANTUM (QNT) is the quantum sector memecoin on Solana. See the live chart, buys and burnt supply or read the token facts. Questions? Join the Telegram.