Graduation

A coin graduates the moment its curve has sold all 793,100,000 tokens (about 127 HYPE raised). Trading on the curve stops, and Mooner moves the coin to Project X, the largest exchange on HyperEVM, automatically:

1. Migrate. The curve's HYPE, minus the 0.02 HYPE migration fee, and its remaining tokens open a Project X pool at exactly the curve's last price. Tokens that would push the price below it are burned instead. If someone created that pool early at another price, graduation first moves it back to the curve's. If they also left HYPE bids in it above the curve's price, graduation sells into them (a better price than the curve's) but never more than half the coin's tokens, so the rest always opens the coin's own locked liquidity; any HYPE that brings in beyond it buys the coin back and burns it.
2. Lock. The liquidity is a full-range position held forever by Mooner's graduation contract, which has no function to withdraw it. See Locked liquidity.
3. Trade. The coin keeps trading on Project X and everywhere that routes there. The max per wallet no longer applies.

Graduating is permissionless: Mooner sends it automatically, and anyone else can too, so graduation never depends on Mooner's servers.