The bonding curve
Before graduation, coins trade through Raydium LaunchLab's constant-product bonding curve. Its reserve accounting sets the quote. Buys generally move the price up; sells generally move it down.
Virtual reserves help set the starting price. They are not real SOL waiting for you to withdraw. The coin has a fixed starting supply of one billion tokens at six decimals; some are sold on the curve and the rest are reserved for the pool.
The graduation target is 85 SOL in tracked real curve reserves, excluding trade fees. Buys add progress and sells reduce it. Lifetime volume and SOL's dollar price do not set the target.
A displayed price or market cap is not a promise of what you can sell for. Fees, trade size, slippage and other trades affect execution. Not financial advice. You may lose everything you spend.