Where pump.fun coins trade after migration: PumpSwap, Raydium and Jupiter

Updated 3 October 2026 · by AtroX · Belphor Research · the data behind this guide

As of October 2026, a pump.fun coin that graduates trades first in the PumpSwap pool its migration creates, the canonical pool, at a fee of 1.25% that falls as its market cap grows. Further pools can exist on PumpSwap, Raydium and Meteora, and Jupiter routes a swap across them, so the fee and the price impact depend on the route. Belphor recorded 1,918 pump.fun migrations in the seven days to 3 October 2026.

The venues, as of October 2026

Every row comes from the venue's own documentation, read on 3 October 2026.

Sources: pump.fun's fee page and developer documentation, Raydium's, Meteora's and Jupiter's documentation, and Jupiter's list of routed programs; the links are listed at the end.

Graduation creates one pool; trading can spread to several

When a pump.fun curve sells out, the migration creates one pool: the coin's canonical PumpSwap pool, described in pump.fun migration explained. That is where the liquidity from the curve goes and where pump.fun's market-cap fee tiers and the creator's share apply. pump.fun's developer documentation lets anyone create further PumpSwap pools for the same coin, and those carry a flat 0.3% with no creator fee. Pools on Raydium or Meteora can exist too. Coins that graduated before pump.fun moved to PumpSwap were sent to Raydium instead, by an instruction pump.fun now describes as deprecated and disabled.

What an aggregator does with that

Jupiter does not hold liquidity. Its documentation says it scans liquidity pools in real time, splits a transaction where necessary and picks the route with the better overall result, and its list of routed programs includes PumpSwap, pump.fun's bonding curve, Raydium's pool types and Meteora's. For markets from certain supported DEXes, Jupiter documents an initial routing grace period without its normal liquidity check; after it, a bonding curve that does not meet Jupiter's requirements is removed until it graduates. Raydium's own router chains swaps across Raydium's pool types and takes no fee of its own; each hop pays its pool's fee.

For the trader this changes two things. The fee depends on the route: a swap through the canonical pool of a small coin pays 1.25%, the same swap through a non-canonical PumpSwap pool pays 0.3%, and the quote shows the total before confirming. And price impact depends on depth across the route, not in one pool: a split route can move the price less than a single shallow pool would. Neither makes a thin coin deep. Slippage and price impact explains why depth decides the bill.

What happens next, measured

The public record shown here does not separate outcomes by trading venue. In the seven days to 3 October 2026, Belphor recorded 1,918 pump.fun migrations, and 85% of the 1,811 with a price reading at least six hours later were at a fifth of their migration price or lower. Over the longer record, 90% of the 8,590 migrations since 25 August 2026 with a later reading were down 80% or more at their latest reading and 7.5% were above their migration price.

The longer-window count excludes 14 unverified-price rows from 8,723 recorded migrations; 119 eligible migrations lack a qualifying later reading. Fetched from the public JSON on 3 October 2026. The live tables at this week and migration outcomes refresh daily; this article is a dated snapshot. How each column is measured: how Belphor measures outcomes.