> For the complete documentation index, see [llms.txt](https://stonkfun.gitbook.io/stonkfun-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://stonkfun.gitbook.io/stonkfun-docs/core-concepts/graduation.md).

# Graduation

On StonkFun, graduation is a market-cap milestone rather than a venue change. There is no migration and nothing moves. The token has traded on a real Raydium pool since block one.

## The thresholds

| Status            | Market cap          |
| ----------------- | ------------------- |
| New               | Below `$32,000`     |
| About to graduate | `$32,000` and above |
| Graduated         | `$40,000` and above |

Launches open at `$5,000`, so graduation is an 8x move.

## Graduation is permanent

Once a token has touched `$40,000` it is graduated for good. If the market cap later falls back to `$10,000`, the token stays graduated.

The same record also tracks each token's peak market cap, which likewise only ever rises.

## Graduation progress

The API and the interface expose a `graduationProgress` value between 0 and 1. A token at `$20,000` reads `0.5`, and a graduated token always reads `1` regardless of its current market cap.

## Filtering by status

```bash
curl 'https://www.stonkfun.xyz/api/public/v1/tokens?status=aboutToGraduate'
```

| `status`          | Meaning                                  |
| ----------------- | ---------------------------------------- |
| `new`             | Under the about-to-graduate threshold    |
| `aboutToGraduate` | At or above `$32,000`, not yet graduated |
| `graduated`       | Has ever touched `$40,000`               |


---

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