diff --git a/creator-keys/tests/bonding_curve_ten_buy_monotonicity.rs b/creator-keys/tests/bonding_curve_ten_buy_monotonicity.rs
new file mode 100644
index 00000000..1e8ccb06
--- /dev/null
+++ b/creator-keys/tests/bonding_curve_ten_buy_monotonicity.rs
@@ -0,0 +1,159 @@
+//! Integration test confirming the bonding curve price increases monotonically
+//! across ten sequential single-key buys, and decreases after a sell (Issue #697).
+//!
+//! Covers all four acceptance criteria:
+//!   AC-1  Price strictly increases after each sequential buy.
+//!   AC-2  Price strictly decreases after a sell.
+//!   AC-3  Price at supply 0 equals the configured base price.
+//!   AC-4  All ten price snapshots are monotonically increasing.
+
+mod contract_test_env;
+
+use contract_test_env::{
+    register_creator_keys, register_test_creator, set_curve_slope, set_pricing_and_fees,
+    test_env_with_auths,
+};
+use soroban_sdk::testutils::Address as _;
+
+const BASE_PRICE: i128 = 5_000;
+const CURVE_SLOPE: i128 = 100;
+const NUM_BUYS: usize = 10;
+
+/// AC-3: `get_buy_quote` at supply 0 returns a price equal to BASE_PRICE.
+/// AC-1 + AC-4: all ten buy-quote prices are strictly increasing.
+/// AC-2: one sell after ten buys yields a price strictly below the last buy price.
+#[test]
+fn test_ten_sequential_buys_price_strictly_increases_and_sell_decreases() {
+    let env = test_env_with_auths();
+    let (client, _) = register_creator_keys(&env);
+
+    set_pricing_and_fees(&env, &client, BASE_PRICE, 9000, 1000);
+    set_curve_slope(&env, &client, CURVE_SLOPE);
+
+    let creator = register_test_creator(&env, &client, "alice");
+    let holder = soroban_sdk::Address::generate(&env);
+
+    // AC-3: price at supply 0 must equal BASE_PRICE.
+    let price_at_zero = client.get_buy_quote(&creator).price;
+    assert_eq!(
+        price_at_zero, BASE_PRICE,
+        "price at supply 0 must equal the configured base price"
+    );
+
+    // AC-1 + AC-4: record the quote price before each buy (price at supply i),
+    // execute the buy, then assert each successive quote is strictly greater.
+    // Buy 0 goes to `holder` so they hold a key for the sell assertion below.
+    let mut buy_prices: Vec<i128> = Vec::new();
+
+    for i in 0..NUM_BUYS {
+        let quote = client.get_buy_quote(&creator);
+
+        if let Some(&prev_price) = buy_prices.last() {
+            assert!(
+                quote.price > prev_price,
+                "buy {} price ({}) must be strictly greater than buy {} price ({})",
+                i + 1,
+                quote.price,
+                i,
+                prev_price
+            );
+        }
+
+        buy_prices.push(quote.price);
+
+        let buyer = if i == 0 {
+            holder.clone()
+        } else {
+            soroban_sdk::Address::generate(&env)
+        };
+
+        client.buy_key(&creator, &buyer, &quote.total_amount, &None);
+    }
+
+    assert_eq!(buy_prices.len(), NUM_BUYS);
+
+    // AC-4: full monotonicity check across the collected snapshots.
+    for (index, window) in buy_prices.windows(2).enumerate() {
+        assert!(
+            window[1] > window[0],
+            "price snapshot {} ({}) must be strictly greater than snapshot {} ({})",
+            index + 2,
+            window[1],
+            index + 1,
+            window[0]
+        );
+    }
+
+    // AC-2: price after one sell must be strictly less than the last buy price.
+    let price_before_sell = client.get_buy_quote(&creator).price;
+    client.sell_key(&creator, &holder, &None);
+    let price_after_sell = client.get_buy_quote(&creator).price;
+
+    assert!(
+        price_after_sell < price_before_sell,
+        "price after sell ({}) must be strictly less than price before sell ({})",
+        price_after_sell,
+        price_before_sell
+    );
+}
+
+/// Regression guard: a flat (zero-slope) curve does not produce strictly
+/// increasing prices, confirming the main test above is actually discriminating.
+#[test]
+fn test_flat_curve_prices_do_not_strictly_increase_across_ten_buys() {
+    let env = test_env_with_auths();
+    let (client, _) = register_creator_keys(&env);
+
+    // No set_curve_slope call — defaults to 0 (flat).
+    set_pricing_and_fees(&env, &client, BASE_PRICE, 9000, 1000);
+
+    let creator = register_test_creator(&env, &client, "bob");
+
+    let mut prices: Vec<i128> = Vec::new();
+
+    for _ in 0..NUM_BUYS {
+        let quote = client.get_buy_quote(&creator);
+        prices.push(quote.price);
+        let buyer = soroban_sdk::Address::generate(&env);
+        client.buy_key(&creator, &buyer, &quote.total_amount, &None);
+    }
+
+    let strictly_increasing = prices.windows(2).all(|w| w[1] > w[0]);
+    assert!(
+        !strictly_increasing,
+        "flat pricing must not produce strictly increasing prices across ten buys"
+    );
+}
+
+/// Validates the ten price snapshots against the bonding curve formula
+/// `price = base_price + slope * supply` for every step.
+#[test]
+fn test_ten_buy_prices_match_bonding_curve_formula() {
+    let env = test_env_with_auths();
+    let (client, _) = register_creator_keys(&env);
+
+    set_pricing_and_fees(&env, &client, BASE_PRICE, 9000, 1000);
+    set_curve_slope(&env, &client, CURVE_SLOPE);
+
+    let creator = register_test_creator(&env, &client, "carol");
+
+    for i in 0..NUM_BUYS {
+        let quote = client.get_buy_quote(&creator);
+
+        let expected = BASE_PRICE + CURVE_SLOPE * i as i128;
+        assert_eq!(
+            quote.price, expected,
+            "price at supply {} must be {} (base_price + slope * supply)",
+            i, expected
+        );
+
+        let buyer = soroban_sdk::Address::generate(&env);
+        client.buy_key(&creator, &buyer, &quote.total_amount, &None);
+    }
+
+    assert_eq!(
+        client.get_total_key_supply(&creator),
+        NUM_BUYS as u32,
+        "supply must equal ten after ten buys"
+    );
+}