unlike pump fun (where you have to hit 70k mcap to bond to raydium, so any coin can bond)
With hyper there's a maximum amount of bonded coins allowed each year, I think it's 250 and so far there have been between 120-130 coins bonded. Each time a coin bonds the price to bond gets higher, as the window gets smaller the demand grows higher thus coins have to reach a certain amount of mcap (progress) to meet the auction price