7 Steps to Create a Meme Coin on Solana and Spot Rug Pulls

Video: Rug Pull Tutorial For Beginners 💰 How to create a meme coin on SOLANA?

Oct 16, 2026 · based on the channel dodynoe

Creating a meme coin on Solana takes about 15 minutes: you mint an SPL token, set its supply and authorities, then add liquidity so it can trade — most launches today happen on pump.fun, which later migrates the token to Raydium. The same mechanics that make a launch fast also make rug pulls easy, so this guide covers both the build and the red flags. For a ready-made launch interface, you can start at funrug.cc, the platform shown in the walkthrough.

What a Solana meme coin actually is

A Solana meme coin is an SPL token with no utility beyond trading, culture and community — its value comes entirely from liquidity and demand. On Solana, tokens are not smart contracts you deploy from scratch; they are accounts created through the SPL Token Program, which makes issuance fast and cheap. Typical costs are a fraction of a SOL for the mint account and a few more SOL for liquidity, depending on how much you seed. Because there is no code to audit, buyers judge a token by its on-chain settings: supply, mint authority, freeze authority, holder distribution and whether liquidity is locked or burned. Those five parameters decide whether a token can even be manipulated, and they are readable by anyone with a block explorer before a single dollar is spent.

How to create a meme coin on Solana in 7 steps

Here is the practical sequence most creators follow, from an empty wallet to a tradeable token.

1. Set up a wallet. Install Phantom or Solflare, write the seed phrase down offline, and fund it with SOL — you need gas for every transaction plus capital for the initial liquidity.
2. Choose a launch route. pump.fun is the no-code default: you upload a name, ticker, image and description, pay a small fee, and the token goes live instantly on a bonding curve. A manual route (SPL Token Program plus a Raydium pool) gives more control but requires more SOL and more steps.
3. Decide supply and decimals. Meme launches usually pick a round supply such as 1,000,000,000 with 6 decimals. The supply itself is arbitrary — what matters is how much of it sits in the liquidity pool.
4. Revoke mint authority. If you keep it, you can mint unlimited new tokens at any moment and dilute every holder. Revoking it is the single most important trust signal.
5. Revoke freeze authority. A live freeze authority lets the creator freeze any holder's token account, blocking them from selling — a common trap in low-effort scams.
6. Add liquidity. On pump.fun this is automatic through the bonding curve. On Raydium you deposit both tokens and SOL into an AMM pool at a chosen starting price; the ratio you deposit sets that price.
7. Lock or burn the LP tokens. If you hold the liquidity pool tokens, you can withdraw the SOL at any time. Burning them or locking them in a third-party locker removes that option and is what separates a fair launch from a soft rug.

How pump.fun and Raydium launches differ

pump.fun is a launchpad built around a bonding curve: the price rises automatically as people buy, and the creator does not set an initial price at all. When the token's market cap reaches roughly $69,000, it graduates — liquidity is deposited into a Raydium pool and trading continues on the open market. Raydium, by contrast, is a full automated market maker where anyone can create a pool and set the initial price by choosing how much SOL and how many tokens to deposit. The trade-off is simple: pump.fun removes the pricing decision (and much of the rug surface) but caps early upside and takes a fee; a manual Raydium pool gives full control over supply distribution but also full responsibility for locking liquidity. Tokens launched manually with unlocked, creator-held LP are the classic rug setup, because the creator can pull the SOL out of the pool in one transaction.

Rug pull mechanics and warning signs

A rug pull is the creator removing liquidity or dumping pre-mined supply, leaving buyers with tokens that have no market. On Solana the fastest version is pulling LP: the pool's SOL is withdrawn, the price collapses to near zero, and the token becomes untradeable. A slower version is a mint-authority rug, where new tokens are printed and sold into the pool until it is drained. Warning signs worth checking before any buy:

• Mint authority still active on the token's Solscan page.
• Freeze authority still active, meaning your wallet can be blocked from selling.
• Liquidity not locked or burned, or locked for only a few days.
• One wallet holding a large share of supply, especially the deployer.
• A cluster of fresh wallets funded from the same source buying in the first minutes.
• Social channels with no history, anonymous team, and pressure to buy immediately.

None of these alone proves fraud, but three or more together is a reason to walk away.

Tools to verify a token before buying

Verification takes about two minutes and uses free tools. Paste the token address into Dexscreener or Birdeye to see the chart, liquidity size and pool age. Open the same address in Solscan to read mint and freeze authority status directly from the chain. Run it through RugCheck or a similar scanner for a holder-concentration and LP-lock summary. Check the top holders: if the deployer wallet still holds a large unlocked share, the supply overhang is real. Finally, compare the token's age with its market cap — a token that appeared minutes ago and already shows a five-figure valuation is being marketed, not discovered. These checks do not guarantee a safe trade, but they filter out the majority of low-effort scams.

Common questions from new launchers and buyers

People starting out usually ask the same few things: how much SOL is needed, whether the token can be changed after launch, and whether a launchpad token can still be rugged. The short answers are that a pump.fun launch costs well under 1 SOL in fees plus whatever liquidity the curve attracts, that supply and authorities are fixed at mint time (which is why revoking early matters), and that graduation to Raydium does not remove risk — a creator who kept a large supply allocation can still sell into the pool after migration. The other recurring question is whether revoking authorities makes a token safe: it removes two specific attack vectors, but it says nothing about how the remaining supply is distributed or whether the project will simply be abandoned, which is why holder analysis matters as much as authority checks.

Conclusion: build carefully, buy skeptically

The mechanics of launching a meme coin on Solana are genuinely simple — a mint, a supply, two authorities, and a liquidity pool — and that simplicity is exactly why so many tokens end badly. If you are creating one, revoke mint and freeze authority, lock or burn your LP, and be transparent about how much supply you hold. If you are buying, spend two minutes on Solscan, Dexscreener and a rug-check scanner before you spend anything else. The dodynoe walkthrough covers the same ground from the creator's side, including how liquidity manipulation looks in practice, and is worth watching before your first launch. To try the launch flow yourself, start at funrug.cc.

Source: Rug Pull Tutorial For Beginners 💰 How to create a meme coin on SOLANA? · Markdown version