How to create a meme coin on Solana by launching through pump.fun or minting a custom SPL token

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

Oct 16, 2026 · based on the channel dodynoe

To create a meme coin on Solana you either launch it in minutes on a bonding-curve platform such as pump.fun for about 0.02 SOL, or mint a custom SPL token with the Solana CLI or a no-code tool and seed your own liquidity pool on Raydium or PumpSwap. The first route needs no code and no upfront capital beyond fees; the second gives you full control over supply, authorities and pool structure. A walkthrough of both paths, plus how rug pulls are technically executed, is covered in the dodynoe tutorial, and a launch platform linked from that video is available at funrug.cc.

What a Solana meme coin actually is

A Solana meme coin is an SPL token with no intrinsic utility whose price is driven entirely by attention, community and liquidity. On Solana, every token is an account owned by the SPL Token program (or Token-2022), and the token's metadata — name, ticker, image — lives in a separate metadata account. That is why a meme coin can be created in under a minute: you are not deploying a smart contract, you are creating a mint account and a metadata account, then attaching a supply of tokens to it.

The economics of a meme coin come down to three numbers: total supply, the share of supply held by the creator and early wallets, and the size of the liquidity pool. A token with 1,000,000,000 supply, 5% in the creator's wallet and $8,000 of locked liquidity behaves completely differently from one with the same supply, 40% in insider wallets and $500 of unlocked liquidity. Before buying anything, these are the numbers worth checking on a block explorer or a tracker such as Dexscreener or Birdeye.

Launching on pump.fun without writing code

Launching on pump.fun is the fastest path and the one most beginners use. The platform creates the mint, the metadata and the initial liquidity for you, then prices the token along a bonding curve until it hits a market-cap threshold and "graduates" to a real DEX pool.

1. Install a Solana wallet — Phantom or Solflare — and fund it with at least 0.05 SOL for fees and the initial buy.
2. Open pump.fun, connect the wallet and click the create-coin button.
3. Upload an image, enter the name and ticker, and write a short description. The image and ticker are what traders see first, so they matter more than the description.
4. Optionally buy an initial allocation in the same transaction. This is where most creator-side risk is introduced: a large dev buy signals that the creator can dump on buyers later.
5. Confirm the transaction. The token is live on the bonding curve within seconds, and a chart appears on the platform page.

On pump.fun, the creator cannot pull liquidity out of the bonding curve — the curve is program-controlled. The rug risk instead comes from the dev's own token allocation: if the creator bought 20% of supply at the start, they can sell into every rally. That is why trackers flag the "dev holdings" percentage separately from the liquidity lock.

Minting a custom SPL token with full control

A custom SPL token is the route for anyone who wants a specific supply, a specific authority setup or a launch outside a bonding curve. The typical toolchain is the Solana CLI with the SPL Token program, or a no-code interface that wraps the same instructions.

1. Create and fund a wallet with roughly 0.5–1 SOL to cover mint-account rent, metadata rent and transaction fees.
2. Create the mint account with a chosen number of decimals — 6 or 9 is standard for meme coins, and 9 matches SOL's own precision.
3. Create the associated token account and mint the full supply into it.
4. Attach metadata (name, symbol, image URI) using the Metaplex Token Metadata program, or let a launchpad do it.
5. Revoke the mint authority so no further tokens can ever be created, and revoke the freeze authority so no wallet can be frozen.
6. Create a liquidity pool on Raydium or PumpSwap, pairing your token with SOL, and lock or burn the LP tokens.

Steps 5 and 6 are the ones that separate a legitimate launch from a rug. If the mint authority stays active, the creator can mint unlimited new supply and dilute holders to zero. If the freeze authority stays active, the creator can freeze any holder's token account, including a liquidity pool's, which effectively traps funds. If the LP tokens stay in the creator's wallet, they can withdraw the SOL from the pool at any moment, leaving buyers with a token that has no bid.

How rug pulls are technically executed

A rug pull is not a hack — it is the creator exercising permissions they kept. The mechanics are simple and worth understanding precisely, because every one of them leaves an on-chain trace you can check before buying.

The most common pattern is the liquidity pull: the creator adds SOL and tokens to a Raydium pool, waits for buyers to push the price up, then removes the liquidity, taking the SOL and leaving the token worthless. The second pattern is the mint dump: the creator keeps the mint authority, waits for a rally, mints a large new supply and sells it. The third is the freeze-and-hold: the creator freezes the pool's token account, which blocks all sells while they exit through another route. A fourth, subtler variant is the slow distribution: no single dramatic event, just insider wallets selling into every green candle over weeks.

Each of these has a detectable signature. An unlocked LP position, an active mint authority, a freeze authority that was never revoked, or a cluster of early wallets holding more than 20–30% of supply are all red flags that appear on public dashboards before any money changes hands.

Safety checks before you buy a new Solana token

Running a short checklist takes about two minutes and filters out the majority of obvious traps. Do it before every purchase, not just for tokens that look suspicious.

• Check whether the mint authority is revoked. If it is not, new supply can be created at will.
• Check whether the freeze authority is revoked. If it is not, your tokens can be frozen.
• Check the liquidity pool: how much SOL is in it, and are the LP tokens burned or locked, and until when.
• Check holder distribution: what percentage sits in the top 10 wallets, and how many of those wallets were funded from the same source.
• Check the creator's history: has the same wallet deployed tokens that went to zero before.
• Check the socials for age and consistency. A brand-new account with no history is not automatically a scam, but it removes a layer of accountability.

None of these checks guarantees a safe trade. A token can pass every one of them and still go to zero because the meme simply did not catch on — that is the base rate for meme coins, not the exception.

Common questions from new launchers and buyers

The questions that come up most often in this niche are about cost, legitimacy and the difference between a launchpad and a self-managed launch. How much does it cost to create a meme coin on Solana? On pump.fun the fee is around 0.02 SOL; a custom SPL token with its own Raydium pool typically costs 0.5–1 SOL in rent and fees, plus whatever SOL you put into the pool itself.

Is launching a meme coin legal? Creating a token is legal in most jurisdictions, but promoting it with false claims, running an unregistered securities offering, or pulling liquidity after soliciting buyers can cross into fraud. The technical steps and the legal ones are separate questions, and the second one depends on where you and your buyers are located.

Why do most pump.fun tokens never reach a DEX? The bonding curve only graduates a token once it accumulates enough buy pressure to hit the platform's market-cap threshold. The large majority never get there, which is why graduation rates are commonly cited in the low single digits.

What is the fastest way to lose money on a new meme coin? Buying a token whose liquidity is unlocked and whose top wallet holds a large share of supply — that combination is the classic setup for a liquidity pull within hours of launch.

Conclusion

Creating a meme coin on Solana is genuinely easy: a pump.fun launch takes minutes and a few cents, while a custom SPL token with a Raydium pool takes an hour and about a SOL. The hard part is not the mint — it is the authority setup, the liquidity lock and the honesty of the distribution, because those three things determine whether buyers are trading a token or funding an exit. The dodynoe tutorial works through both the creation flow and the rug-pull mechanics side by side, which is the right way to learn the topic: you cannot recognize a bad launch without knowing how a good one is built. If you want to explore the launch tooling shown in that breakdown, start at funrug.cc, and treat every token — including your own — as a risk to be verified on-chain rather than trusted.

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