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Bags launches on Solana: how they work, how to trade

Bags (bags.fm) launches Solana tokens on Meteora's bonding curve with shared creator fees, then graduates them to DAMM v2. How bags.fm tokens show in clusterz.

Bags sells itself on who gets paid. Fine for creators. For a trader, the questions are the usual ones: who holds, who sold, and how thin the pool is after.

The Trenches board on one page: new pairs, live, with holder checks.

What is the Bags app on Solana?

Bags, at bags.fm, is a Solana launchpad. Its angle is fee sharing.

Every Bags launch carries a fee share setup that says who receives the creator side of the token's trading fees, split in basis points across up to 100 recipients, per Bags' own docs. That share keeps paying after the token graduates.

Bags also publishes an API, so other apps can launch tokens through Bags. A bags.fm token may have been launched from somewhere other than the bags.fm site. It is still a Bags launch on chain.

Underneath, Bags does not run a curve of its own. Its launches start on Meteora DBC, Meteora's dynamic bonding curve, with Bags' own settings.

How a Bags launch runs

  1. Created on DBC. The token gets a DBC pool on Bags' curve settings, with its fee share set at launch.
  2. Trades on the curve. Buys add the quote token to the pool, sells take it out. The usual quote is SOL. Bags' docs also describe custom quote launches, where the curve trades against another token that Bags has approved.
  3. Reaches the threshold. Bags' docs say Bags admins set the graduation threshold, in raw units of the quote token. The person launching cannot override it.
  4. Graduates to DAMM v2. The token moves to a Meteora DAMM v2 pool and keeps its fee share there.

On a DBC curve, progress is the share of the threshold raised, not the share of tokens sold. So 60% on a Bags card means 60% of Bags' raise target is in. More in what is a bonding curve.

Since Bags sets thresholds per quote and per setup, we do not quote a graduation market cap for it.

bags.fm tokens in clusterz

Bags launches land in Trenches with the Bags pill on the corner of the logo, in all three columns:

  • New: under 50% of the raise, or not known yet.
  • Soon: 50% and up.
  • Graduated: trading in its DAMM v2 pool.

How we tell a Bags token: by its address. Bags launches carry the suffix BAGS at the end of the token's address.

A DBC token with that ending wears the Bags pill. One without it wears the Meteora pill, even if it came through Bags some other way. Glance at the address on the token page if the pill surprises you.

To watch Bags and nothing else, open Bags launches only. It leaves Bags on and turns the other six chips off in every column. Nothing is saved until you press Save on a column.

Bags is a quieter feed than pump.fun. Expect a column that sits still for a while. That is not a bug.

The Bags launchpad vs pump.fun, for a trader

  • Curve. pump.fun runs its own. Bags uses Meteora DBC.
  • Where it graduates. pump.fun to PumpSwap, Bags to Meteora DAMM v2.
  • What 100% means. On pump.fun, every curve token sold. On Bags, the raise target reached.
  • Fees. Bags' trading fees are shared out per launch. pump.fun's are on its own fees page, linked from clusterz vs Pump.fun. Either way, our 1% on trades you place sits on top of the curve's or pool's own fee. See Fees.
  • Automation in clusterz. pump.fun launches can be copied and sniped. Bags launches cannot.

Before you buy a Bags token

A fee share tells you who earns from the volume. It does not tell you who is about to sell.

  • Holder checks. Top 10, dev, snipers, insiders, bundle and fresh wallets, each with its warning line. See holder checks.
  • The dev. Holding, sold or not, funded from where. A dev who earns fees from volume still has a bag to sell. See the dev wallet check.
  • Bundles. A launch bundle splits cheap supply across wallets. See bundles and insiders.
  • Graduation is a change of market, not a win. The DAMM v2 pool can go to dust, and early buyers have been waiting for it. See exit liquidity.

What a check cannot catch: side wallets nobody has linked, tokens moved before they are sold, and anyone who sells after you look.

What clusterz cannot do on Bags

  • No copies. A copy of a trader follows buys on pump.fun and PumpSwap only. A tracked trader buying a Bags token does not trigger your copy. See Copy Trade limits.
  • No snipes. Fast, together and dev copies read pump.fun and PumpSwap trades only. Copy a dev lists pump.fun devs.
  • No fee share readout. We do not show who receives a Bags token's fees.
  • A missed pill. A Bags launch without the BAGS ending reads Meteora.

What works: buying and selling by hand, in Practice or Live, from the card or the token page. A Practice fill on the curve is priced from the same curve read as a Live trade.

Bags launchpad FAQ

What is bags.fm?

Bags is a Solana launchpad at bags.fm, built around fee sharing. Its tokens start on Meteora's dynamic bonding curve and graduate to a Meteora DAMM v2 pool, and the fee share set at launch keeps paying after graduation.

When does a Bags token graduate?

When the quote raised on its curve reaches the threshold Bags set for it. Bags' docs say Bags admins set that threshold in the quote token's own units, so there is no one market cap to quote.

How do I find new Bags tokens on clusterz?

Open Trenches with the Bags link above, or keep only the Bags chip on in a column's Launchpads filter. Bags tokens wear the Bags pill on the logo.

Can I copy trade Bags launches?

Not on clusterz. Copy Trade follows buys on pump.fun and PumpSwap only, and Live copies buy on the pump.fun curve only. You can buy Bags tokens yourself from Trenches.

Sources, checked 5 November 2026

Launchpads change their settings often. Spot something out of date? Tell us on Discord.