How many SOL a token still needs, read live from its bonding curve
A Pump.fun token graduates when its bonding curve runs out of tokens to sell. The curve is created holding 793,100,000 tokens for that purpose, out of a billion-token supply, and the moment the last one is bought the curve closes and liquidity migrates to an AMM pool.
Working backwards through the reserves, that point sits at 85.01 SOL of net deposits. It is the same on every token, because the reserves every curve starts with are the same: 30 virtual SOL and 1,073,000,000 virtual tokens. Nothing about the figure depends on the price of SOL, the size of the first buy, or how many wallets are involved.
Most progress bars divide tokens sold by the full billion-token supply. That looks reasonable and is quietly wrong: the curve only ever sells 793,100,000 of them, so such a bar tops out around 79 percent and never reaches the end. People watch it stall in the high seventies and assume the token is stuck.
The bar above divides by what the curve actually holds for sale, so 100 percent means graduation and nothing else. If you have been comparing a token against a tracker that shows a lower number, that is the difference.
Sells move a token backwards. When someone sells, tokens return to the curve and SOL leaves it, so the remaining distance grows. A token that took in 200 SOL of buys and gave back 115 SOL of sells sits exactly where a token with 85 SOL of quiet accumulation sits, even though its volume looks five times healthier.
This is why volume charts are a poor guide to how close something is to graduating, and why the number above is read from the curve itself rather than from trading history.
The distance in SOL is not the same as the distance in supply. Early in the curve a small amount of SOL buys a large share of the supply; near the end a lot of SOL buys very little. Three SOL into an empty curve takes 9.75 percent of the supply, while the fifteen SOL that carry a token from 70 to graduation take 4.2 percent.
So a token sitting at 70 SOL is closer to the finish than it looks in supply terms, and much further than it looks in money terms. If you are deciding whether to push a launch over the line yourself, the figure at the top is what it costs, and the market cap calculator shows what you get for it.