Rug Pull Tutorial For Beginners In 2026 How Solana Meme Coins Get Created And Where The Risks Hide

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

Oct 16, 2026 · based on the channel dodynoe

A rug pull tutorial for beginners is really a lesson in reading token mechanics: on Solana, a meme coin is just an SPL token whose creator controls supply, authorities and liquidity, and a rug pull happens when those controls are used to drain value from buyers. You can see the whole lifecycle demonstrated in the «dodynoe» walkthrough, and you can explore the meme coin launch platform referenced in that video at funrug.cc. The same mechanics that let a legitimate team launch a fair token in minutes also let a bad actor exit with the pool — the difference is almost always visible on-chain before you buy.

What a Solana meme coin actually is under the hood

Every Solana meme coin is an SPL token, the network's standard token format, and creating one does not require writing a custom smart contract. The Token Program handles balances, transfers and decimals, so a launch usually means creating a mint account and setting three things: total supply, decimals and authorities. The mint authority is the power to create more tokens; the freeze authority is the power to block specific accounts from transferring; the update authority (on token metadata) is the power to change the name, ticker or logo. A token with a revoked mint authority has a fixed supply forever, which is why "mint authority revoked" is one of the first things experienced buyers check on a block explorer. Metadata is typically attached through the Metaplex token metadata standard, which is why a new coin's name and image appear on explorers and aggregators almost immediately after launch.

How a token launch works step by step

A modern Solana meme coin launch follows a fairly predictable sequence, and understanding each step is what separates a beginner from an easy target. In practice the flow looks like this:

1. Create a wallet and fund it with SOL — a Phantom or Solflare wallet is enough, and a no-code launch costs a fraction of a SOL plus network fees.
2. Deploy the token: pick a name, ticker, logo and total supply. Supply is usually in the billions because a low unit price feels cheaper to retail buyers.
3. Decide on authorities: revoke the mint authority and freeze authority for a credible fixed-supply token, or keep them and accept that buyers will treat the token as high risk.
4. Seed liquidity or launch on a curve: either pair the token with SOL in an automated market maker pool, or launch on pump.fun and let the bonding curve handle early pricing.
5. Distribute supply: team wallets, marketing wallets, airdrops and the portion reserved for the liquidity pool.
6. Publish and promote: social channels, aggregators and listing sites drive the first wave of buyers.

Launching on pump.fun and graduating to Raydium

pump.fun is a launchpad built around a bonding curve, which means the token is tradeable from the first second without anyone manually adding liquidity. Buyers purchase along a mathematical price curve, and the SOL they spend sits in the curve's reserve rather than in a creator-controlled pool. When the token's market capitalization reaches the platform's graduation threshold, liquidity is migrated to a real pool on Raydium, and the token starts trading like any other SPL pair. That graduation step matters for risk assessment: before graduation, the creator has less direct control over liquidity; after graduation, the pool exists on Raydium and its lock status, LP token ownership and burn status become the key questions. Raydium liquidity pools are automated market maker pools, so price is set by the ratio of the two assets in the pool — which is exactly why removing one side of that pair moves the price so violently.

How rug pulls actually work on Solana

A rug pull is not a hack; it is the legitimate use of permissions the creator kept for themselves, executed at the moment buyers are most exposed. The most common pattern is liquidity removal: the creator withdraws the SOL or USDC paired with the token from the pool, leaving the token tradeable but effectively worthless because there is no longer anything real to sell into. A second pattern is a mint dump, where the creator keeps the mint authority, waits for the price to rise, then mints a large new supply and sells it into the pool. A third is the freeze-and-extort variant, where the freeze authority is used to lock buyer accounts. A fourth, softer pattern is a slow distribution: team wallets that were never disclosed sell into every pump over weeks. On Solana these actions settle in seconds and cost almost nothing, so the window between "this looks promising" and "the pool is empty" can be under a minute. None of this is exotic — it is the default outcome when a token is launched with authorities intact, liquidity unlocked and supply concentrated in a handful of wallets.

Warning signs to check before buying any new token

Screening a new Solana token takes a few minutes and catches the majority of obvious traps. Check the mint authority and freeze authority on a block explorer: if either is still active and held by a single wallet, the creator can dilute or freeze holders at will. Check the liquidity: is it locked, for how long, and who holds the LP tokens — unlocked liquidity in a creator wallet is an open invitation. Check holder distribution: if one wallet or a cluster of wallets funded from the same source holds a large share of supply, the float is thin and a single seller can crash the price. Check the age of the pool and the trading history: a pool that is hours old with a vertical chart and no organic volume is a warning, not an opportunity. Check socials for substance rather than follower counts, and cross-reference the token on aggregators such as Dexscreener or Birdeye to see whether volume comes from many wallets or a few. Finally, treat any promise of guaranteed returns as a disqualifying signal — legitimate launches do not need one.

Common beginner questions and misconceptions

Beginners tend to assume that a token with revoked authorities cannot rug, which is only partly true: revoked mint and freeze authorities remove two attack paths, but unlocked liquidity and concentrated supply remain. Another common belief is that a token listed on a major aggregator has been vetted — aggregators index data, they do not audit projects. A third is that a low price per token means low risk; with a supply in the billions, unit price says nothing about valuation, and market capitalization is the number that matters. A fourth is that a fast 10x proves the project is real — on a bonding curve, early buyers are simply being paid by later buyers, and the exit is only profitable while new money keeps arriving. The practical takeaway is to verify on-chain facts first and treat narrative, memes and influencer posts as marketing rather than evidence.

Useful links

• Meme coin launch platform referenced in the video: funrug.cc
• Source walkthrough by the «dodynoe» channel: https://www.youtube.com/watch?v=K3OuVGQMSAo

Final thoughts on launching and surviving Solana meme coins

Creating a Solana meme coin is a technical exercise that takes minutes and costs almost nothing, while losing money to one takes just as little time — the asymmetry is the whole story. The «dodynoe» breakdown is useful precisely because it shows the creation side and the manipulation side as one continuous process rather than two separate topics. If you take one habit from this guide, make it this: before buying any new token, spend three minutes checking authorities, liquidity lock status and holder distribution, because those three data points explain most rugs before they happen. If you want to see the launch flow end to end, start with the platform linked in the video at funrug.cc and treat everything you find there as educational material, not investment advice.

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