# The feed > Every pump.fun coin that graduated into a funded pool, with the facts about how it launched. A list of facts, not picks. The feed lists pump.fun coins that just graduated, newest first, with the launch evidence for each. It does not rank them and it does not tell you to buy any of them. Most of them lose; the [scorecard](#the-scorecard) shows by how much. ## What "graduated" means A pump.fun coin starts on a bonding curve. When the curve fills, the coin moves to a real trading pool. Only about 3 in 100 launches get that far; the live rate is on [quantbase.live/m](https://quantbase.live/m). ## Which coins are listed A graduate is listed when, **two minutes after graduating**, it is: - worth between **$150,000 and $1,000,000** (fully diluted value), and - in a pool with at least **$5,000** of liquidity. Smaller coins and empty pools are left out. Only pump.fun launches are listed; tokens from other launchpads that pass through the same data are filtered out. ## Two versions of the feed | | Public feed | Console feed | |---|---|---| | Where | [quantbase.live](https://quantbase.live/#feed), and `GET /m/feed?json=1` | **Home** and **Coins** in the [console](https://app.quantbase.live) | | Who | Anyone, no sign-in | Meme, Pro and Team plans | | Delay | Only coins that graduated **10 or more minutes ago** | A coin appears as soon as its two-minute price is in, about two minutes after graduation | | Rows | The newest 12 | The last 24 hours | | Refresh | Cached 30 seconds | Every minute | The public feed is rate limited to 60 requests a minute per client. ## The columns | Column | Meaning | |---|---| | Coin | Name, ticker and image as the launch published them | | Graduated | How long ago the curve filled (public feed) | | Worth | Fully diluted value at the two-minute mark | | Pool | Liquidity in the pool at the two-minute mark | | Kind | **Organic** or **Instant** (see below) | | Launch evidence / Lens | The flags below, summarised in the console as **Avoid**, a warning count such as **2 warning**, or **Looks clean** | | Since | Public feed only: the price change since two minutes after graduation | | Scorecard | Console only: the reason a coin is blocked, or "not blocked" | ### Since "Since" is the change from the price two minutes after graduation to the latest price checked, on the same pool. It is blank when either price is missing. Prices are snapshots, so a peak between two checks does not show. ## Organic and instant **Instant** means the curve filled less than two seconds after the coin was created. That is the creator buying out their own curve in the creation transaction: their own money, not demand. **Organic** means outside buyers filled the curve over minutes or hours. The two are different populations. Instant graduations make up about half of all graduations, and they do worse; the scorecard and the [homepage](https://quantbase.live/#evidence) give the current figures. ## The evidence flags | Flag | What triggers it | Why it matters | |---|---|---| | **creator bought the curve** | The curve filled less than 2 seconds after creation | The graduation was paid for by the launcher, so it says nothing about demand | | **serial launcher** | The creator's wallet launched 3 or more coins before this one | Most launches by repeat creators never graduate; the flag says how many did | | **rug history** | The creator's funding cluster has 5 or more launches, and at least half of its graduates had under $1,000 of pool liquidity an hour after graduating | The same money source has a record of pools being drained | | **copycat name** | The coin's image matches a coin launched in the previous 7 days | Clones ride on another coin's attention. The match is on the image (a perceptual hash), not the name | | **no socials** | The launch metadata has no X account, Telegram or website | Nothing to check the project against | A coin with a red flag (an instant graduation, or a rug history) is summarised as **Avoid**. Amber flags (serial launcher, copycat, a paid boost) are counted as warnings. A coin with neither is **Looks clean**, even if a grey note such as "no socials" shows; it means only that nothing adverse is on record. The base rate still applies to it. More about each source: [Coin evidence](/docs/coin-evidence/). ## Blocked coins The scorecard groups graduates by kind, by size at entry ($150–300K, $300–600K, $600K+) and by pool size (under $30K, $30–80K, $80K+). When a group has at least 50 graded coins over the last 14 days, 95% or more of them were under their two-minute price six hours later, and the median coin kept 10% or less of it, coins in that group are **blocked**. Blocked coins are still shown, with the reason. The groups are re-learned every 30 minutes, so a group that recovers comes back by itself. ## The scorecard The scorecard (console, Meme plan) scores every coin the feed would have listed over the last 14 days, by what happened next: - **Hit 2x**: reached twice its two-minute price at the one-hour or six-hour check. - **Under entry at 6 h**: below its two-minute price six hours later. - **Rugged**: pool under $1,000. - **Median at 6 h**: the middle coin's price at six hours, as a multiple of its two-minute price. These are snapshots taken at fixed times, so a peak between checks is missed. They include no fees or slippage. ## Base rates Base rates are free on [quantbase.live/m](https://quantbase.live/m), in the console and in Lens. They are computed over the last 14 days of launches with a known creator: | Rate | Definition | |---|---| | Organic graduation | Organic graduates divided by all launches | | Up at 1 h, given organic | Organic graduates priced higher one hour after graduation than at two minutes | | Up at 24 h, given organic | The same, a day after graduation | | Liquidity alive at 1 h | Organic graduates with at least $1,000 of pool liquidity an hour after graduation | The two-minute entry price counts only when the pool held at least $5,000 and the coin was worth between $15,000 and $1,000,000 at that moment. Each rate is published with its count and sample size. ## Where the numbers come from QuantBase records every pump.fun launch and graduation as it happens, from the PumpPortal launch stream. It reads each coin's pump.fun record 2, 10, 30 and 120 minutes after launch, and prices each graduate on DexScreener at 2 and 5 minutes, 1 hour, 6 hours, 24 hours and 7 days after graduation, at its deepest Solana pool. Creator wallets are read from the Solana chain. The record starts on 2026-09-20 and covers one launchpad. Past rates may not repeat. Evidence, not advice. A clean coin can still go to zero, and most do.