> For the complete documentation index, see [llms.txt](https://docs.boba.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.boba.xyz/spot-trading/meme-coins.md).

# Meme Coins

## What Are Meme Coins?

Meme coins are typically launched on launchpads and differ from established assets like Solana, Ethereum, or BNB. They're characterized by:

* High volatility
* Community-driven narratives
* Rapid price movements
* Higher risk/reward profiles

***

## Launchpads

Launchpads are platforms that allow anyone to create and deploy tokens. Boba aggregates tokens from major launchpads across all supported chains.

{% hint style="info" %}
If you find a launchpad we don't support, let us know with a support ticket.
{% endhint %}

***

## Bonding Curves

Most launchpad tokens use a bonding curve mechanism:

* **How it works:** Price follows a mathematical curve where early buyers pay less than later buyers
* **Linear distribution:** The more tokens purchased, the higher the price climbs
* **Predictable pricing:** You can see exactly how price will change with volume

{% hint style="info" %}
Each launchpad uses different formulas for their bonding curves, be sure to check their docs for more information.
{% endhint %}

***

## Graduation

Graduation refers to when a token transitions from bonding curve trading to a traditional liquidity pool:

* Occurs when the token reaches a designated market cap threshold
* Migration can take several minutes depending on chain and launchpad
* **Tokens are not tradable during migration**
* Graduation does not guarantee the token stays above its milestone market cap

***

## Risk Warning

{% hint style="danger" %}
Meme coins are extremely volatile. Most go to zero eventually. Never invest more than you can afford to lose completely. Do your own research and trade with caution.
{% endhint %}


---

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