Graduation

Graduation is the moment a coin crosses its bonding target — the market cap, in USD, that its launchpad set at creation.

Nothing moves

The liquidity was locked in the pool from launch, so the bonding target is a milestone rather than an event: the coin crosses the line, the page marks it GRADUATED, and trading continues in exactly the same pool it always used — same fees, same split, same page.

Graduation is permanent

The first time a coin is seen to cross the line, it is stamped, and the stamp is never cleared — a coin whose market cap later dips back under its target stays graduated. A one-way door in the product, on purpose: a badge that flickers off in a dip would mean nothing.