The curve
One bonding curve for every coin: where it opens, how it climbs, where it graduates.
Every coin has a supply of 1,000,000,000 tokens and trades on the same bonding curve. Creators can't change it, so every coin is priced the same way at the same amount raised and there's no fine print to compare.
The numbers
| SOL in the curve | Market cap | At $90 SOL | Supply sold |
|---|---|---|---|
| 0 SOL | 206 SOL | $18.6K | 0.0% |
| 25 SOL | 252 SOL | $22.6K | 11.0% |
| 50 SOL | 301 SOL | $27.1K | 20.1% |
| 100 SOL | 414 SOL | $37.3K | 34.2% |
| 200 SOL | 693 SOL | $62.4K | 52.9% |
| 300 SOL | 1,044 SOL | $94.0K | 64.6% |
| 400 SOL | 1,467 SOL | $132.0K | 72.7% |
The curve opens at about 206 SOL of market cap and completes at about 1,467 SOL, once 400 SOL has gone in: roughly 7× from the first buy to graduation. It sells 72.7% of the supply. The other 27.3% is set aside for the coin's pool at graduation.
How the price moves
The curve is a constant-product curve with virtual reserves: it starts as if it held 240 SOL against about 1.16B tokens. Each buy adds SOL and removes tokens, so the price rises with every buy and falls with every sell. Buying and selling the same amount back always loses the fee, so round trips never profit.
Starting at ≈ 206 SOL means the curve is deep from the first trade. A 1 SOL buy at launch moves the price by under 1%, and gets about 4.78M tokens (0.48% of supply). On curves that open around 28 SOL, the same buy moves the price by about 7%. Snipers have far less to gain, and early buys don't whip the chart.
- You pay
- 1.00 SOL
- Fee (at 1%)
- 0.01 SOL
- Into the curve
- 0.99 SOL
- Price moves
- +0.83%
- You receive
- ≈ 4,780,281 tokens
Selling on the curve
A sell returns SOL from the curve along the same line. The curve can only pay out SOL that buyers put in, so every token anyone holds is backed by SOL in the curve until graduation. The sell pays the coin's fee from the SOL it receives.