Building a Solana Meme Coin Yourself Beats Paying a Launchpad Because You Control Mint Authority and Liquidity

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 mint an SPL token, revoke the mint and freeze authorities, then seed a liquidity pool so the token can actually be traded. Everything else — the name, the logo, the Twitter account, the Telegram group — is packaging around those three technical steps. If you want to see the whole flow including the risky shortcuts some launch platforms use, the walkthrough behind funrug.cc covers token setup through liquidity deployment on pump.fun and Raydium.

What a Solana meme coin actually is under the hood

A Solana meme coin is an SPL token, the same standard used by USDC, JUP and every other fungible asset on the network, which means there is no separate "meme" category at the protocol level. The Token Program tracks three things that matter: total supply, who holds it, and which authorities are still active. SPL stands for Solana Program Library, and the current token standard is SPL Token with an optional Token-2022 extension set for features like transfer fees.

Two authorities decide how much power the creator keeps:

1. Mint authority — the key allowed to create new supply out of thin air. If it stays active, the creator can dilute every holder at will.
2. Freeze authority — the key allowed to freeze any holder's token account, which effectively blocks them from selling.

A token with both authorities revoked and liquidity burned is structurally safer than one where the creator kept either switch. That single distinction explains most of the difference between a community coin and a rug pull.

Step-by-step: creating the token without writing code

Creating the token itself is the easy part, and it takes minutes rather than days. You do not need Rust, Anchor or a custom smart contract for a standard meme coin — only a wallet with a small SOL balance.

1. Set up a wallet. Install Phantom or Solflare, write the seed phrase down offline, and fund it with SOL. Token creation costs roughly 0.02–0.05 SOL in rent-exempt reserve plus network fees, so a fraction of a SOL is enough.
2. Pick a creation tool. No-code launchpads like pump.fun, or token tools built into wallet interfaces, let you enter a name, ticker, decimals (usually 9 or 6) and total supply (commonly 1,000,000,000).
3. Mint the token. Confirm the transaction; the token now exists on-chain and appears in your wallet.
4. Revoke mint authority. This locks total supply permanently. Do it before announcing the token, not after.
5. Revoke freeze authority. This removes the ability to block holders from selling.
6. Upload metadata. Name, ticker, logo and description are stored off-chain and referenced by the token's metadata account; a missing or editable logo is a common red flag.

Launching on pump.fun versus Raydium

pump.fun is a fair-launch launchpad built on a bonding curve, while Raydium is a full automated market maker where liquidity sits in an open pool. The two serve different stages of a token's life.

On pump.fun, buyers trade against a deterministic bonding curve rather than a pool. The price rises automatically as more SOL enters the curve, and the creator does not need to supply initial liquidity. When the token's market cap reaches roughly $69,000, it "graduates": liquidity is deposited into a Raydium pool and trading continues there. That graduation threshold is why so many small tokens die on the curve — they never reach it.

On Raydium, you create or join a liquidity pool yourself, typically pairing your token with SOL. You choose how much of each side to deposit, and you receive LP tokens representing your share. Those LP tokens are the critical detail: whoever holds them can withdraw the liquidity at any time. Burning them sends them to an unrecoverable address, and locking them in a third-party locker removes them from the creator's reach for a set period.

A Jupiter route or a Dexscreener listing does not make a token safe. It only means the token is routable and indexed.

How rug pulls actually work, technically

A rug pull is the removal of the conditions that let holders sell, and it usually happens through one of four mechanisms. Understanding them is the fastest way to avoid them.

• Liquidity removal. The creator holds the LP tokens, waits for buyers to push the price up, then withdraws the SOL side of the pool. The token keeps existing but has no buyers left.
• Mint authority abuse. The creator mints a huge new supply into their own wallet and dumps it, collapsing the price while early buyers are still holding.
• Freeze authority abuse. The creator freezes holder accounts so nobody can sell while they exit through a separate wallet.
• Hidden supply concentration. A handful of wallets — sometimes funded from the same source — hold most of the supply and coordinate a dump once retail volume arrives.

The channel dodynoe frames its tutorial around exactly this dual perspective: how a launch is assembled technically, and how the same mechanics are used to manipulate liquidity and price. That framing is useful because the tools are identical in both cases; only the intent differs.

Red flags to check before buying any new Solana token

A five-minute check on Solscan, RugCheck or Dexscreener filters out most obvious traps before you risk any capital. None of these checks is a guarantee, but each one removes a category of risk.

1. Mint authority status. If it is still active, the supply can be inflated at any moment.
2. Freeze authority status. If it is active, your tokens can be frozen before you sell.
3. Liquidity lock or burn. Unlocked liquidity in a single wallet is the classic rug setup; burned or long-locked LP tokens are a meaningful improvement.
4. Holder distribution. A top-10 holding above roughly 20–30% of supply, or many wallets funded in the same block, points to coordinated control.
5. Age and volume pattern. A token that spiked and flatlined within hours rarely recovers.
6. Metadata edits. A logo or description that changes after launch suggests the creator is still steering the narrative.

Treat every one of these as a probability adjustment, not a verdict. Scams copy the appearance of legitimate launches precisely because the appearance is cheap to fake.

Common questions from new launchers and buyers

The most frequent doubts fall into two groups: cost and control on the creator side, and safety checks on the buyer side. On cost, people consistently overestimate what token creation involves — there is no listing fee on Solana itself and no smart contract to audit for a plain SPL token, so the real expense is the initial liquidity, not the mint. On control, the recurring question is whether revoking authorities can be undone; it cannot, which is exactly why it is the strongest signal a creator can send. On the buyer side, the sticking point is that a clean contract does not mean a clean operator — a token with revoked authorities and burned liquidity can still be dumped by a whale who bought early. Both perspectives matter, and both are covered in the dodynoe breakdown.

Useful links

• funrug.cc — the meme coin launch platform explored in the video, covering token setup through liquidity deployment.

Final thoughts

Creating a Solana meme coin is a genuinely small technical task: mint an SPL token, revoke the mint and freeze authorities, then decide how liquidity is seeded and whether it stays locked or burned. The difficulty is not in the code but in the incentives — the same mechanics that let a community coin trade freely let a bad actor drain the pool. Before buying anything new, check mint authority, freeze authority, LP status and holder distribution, in that order, and treat every unchecked token as a loss you have not taken yet. If you want the full walkthrough of how launches are assembled and where rug-pull patterns hide, the dodynoe channel covers it end to end, and funrug.cc is the launch platform used as the working example.

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