So, you wanna make a meme coin and rug someone so they lose all their life’s savings? (Hey, I ain’t judging, game is game, and if someone really puts everything on a meme coin, then they kind of deserve what’s coming to them.) Or if you’re just curious how the process works and how easy it can be—if 10-year-olds are doing it—sit back and pay attention because I will guide you through the steps. Spoiler alert:
It’s stupidly easy.
No coding, no blockchain knowledge, no legal department, just pure degenerate chaos. But before you start printing digital monopoly money, you need a wallet.
Step 1: Get a crypto wallet
Before you can create your meme coin, you need a Solana wallet. Why? Because Pump.fun (the platform birthing every sh*tcoin you see) runs on Solana, and you’ll need SOL to buy your own coin, trade, or rug your future investors.
If you don’t already have one, Phantom or Solflare are the go-to wallets. Download the Chrome extension—simple log-in, real “next, next, next, finish” stuff. No rocket science. The only thing you should pay attention to is:
NOT LOSING YOUR RECOVERY PHARSE
Now, if you’re totally new to crypto (in which case, starting with meme coins might not be the best idea, but hey, I ain’t your dad—you decide where to lose your paycheck), here’s a quick reality check:
To hold and trade crypto, you need a wallet. And since crypto is an anonymous, decentralized game, no one is there to hold your hand. This ain’t your corporate wagie cagey email address where if you forget your password, Tom from IT can send you a new one—nope, you f*ck up here, and it's game over. During registration, you get 12 short words in a specific order. Hold onto them tighter than a coke dealer holds onto his last shipment. Because if you lose them? It’s over. You won’t be able to access your coins, so even if you make the greatest meme coin trade in history and hit generational wealth, you’ll be locked out of your own fortune and forced to go back to flipping chicken nuggets at McDonald's forever.
After your wallet is set up (whic takes like 2 minutes max btw.) you have to connect ot to pump.fun
Once you’re connected, congratulations you are now officially a “crypto dev”which is a title that can only be earned b ythosewho have 3 minutes of spare time and internat access. I am proud of you.
Step 2: Create your meme coin
Pick a aame & ticker
First, you need a name—something ridiculous, viral, or straight-up offensive. Here, we’ve got BearBro Coin ($BBC)—because if apes have coins, why not bears? Your ticker is just a short symbol for your coin. It has to be unique, but nobody gives a sh*t as long as it looks good in a tweet. I went with BBC it seem so familiar but I don't know from where (wink wink)
Write a hype description
Your coin needs a sh*tpost of a description—enough to convince degens it’s the next 100x. Example:"Trade it. Dump it. Diamond-hand it. The markets are a casino, might as well play. Buy now or stay poor. 🚀🔥 Totally won’t rug this wink wink" It doesn’t matter if it’s nonsense. Just make it funny, over-the-top, and meme-worthy.
Slap on a logo
Nobody trusts a meme coin without a logo. Here, we’ve got a bear in sunglasses flexing with Bitcoin logos because it looks shiny and people like animals. AI-generated? Stolen? Who cares—this isn’t a Fortune 500 company.
Add in a your social channels
All meme coins based on hype, hopeium and community, if you are looking for a longer term meme coin, not just literall seconds or minutes, or actually want to have fun with it and build a community, you can add in your social channels where people can geek out on the project and hype eacother up for buying more.
Decide how much you want to buy
Here’s where the rugging potential starts. Pump.fun lets you buy your own coin at launch you can either skip this (which is dumb since than you made the coin but you haven't put any money in it so you own none of it.) or buy a fat stack early for dirt cheap.
💡 Pro Tip: The earlier you buy, the cheaper you get your own coins. If you’re feeling particularly evil, buy a massive portion at launch, pump it up, then dump on everyone later.
Hit “create coin” & welcome to the meme coin casino
Congrats, your coin is now live. People can buy, sell, and shill it all over X and Telegram. The game has begun.
Before I let you go with this newfound knowledge I have one more thing that we need to discuss. If you want a coin that might actually be successful or if you just want to trade and jump in an out of project that have at least the slight potential to bring in some money, we have to talk about liquidity pools.
Liquidity, LP Tokens & how rugging works
Now let’s talk about how this meme casino operates behind the scenes—because if you don’t understand liquidity, you’re gonna get f*cked.
Liquidity = The money backing your coin.
Without it, your meme coin is just a number on a screen that nobody can sell. Pump.fun automatically sets up liquidity pools, which means your coin instantly has a market. But here’s where the rug mechanics come in.
LP Tokens – The Keys to the Liquidity Pool
Liquidity is just a fancy word for “money in the system.” When people trade a coin, there needs to be real crypto (like SOL, ETH, or BNB) backing it—otherwise, it’s just numbers on a screen that nobody can actually cash out. Normally, when someone creates a token, they have to manually add liquidity by pairing their new meme coin with a real asset (like SOL on Solana or ETH on Ethereum). This makes sure that when someone buys the token, there’s a pool of money available for people to sell into.
Pump.fun does this automatically using a bonding curve system—meaning the more people buy the token, the more expensive it gets. When a meme coin on Pump.fun reaches $69,000 market cap, the platform automatically locks in 79 SOL worth of liquidity and adds it to Raydium (a decentralized exchange on Solana). Pump.fun burns the LP tokens, meaning nobody not even the dev—can ever remove that liquidity. That’s supposed to make things “safe.” But don't worry as you’ll see in a second, rugging is still very possible.
How Can People Use LP tokens to Rug?
Now, on most platforms (like Uniswap, PancakeSwap, Raydium, etc.), when you create a liquidity pool, you receive LP (Liquidity Provider) tokens. Think of LP tokens as the keys to a vault. Whoever holds them controls the liquidity.
If you manually create a meme coin outside of Pump.fun, you own these LP tokens, meaning you can:
Burn them 🔥 – This means seindingthe coins you "bought" and added to your wallet to an unkown wallet that noone has access to, this removing them from trading forever. This locks the liquidity forever, making it impossible for anyone to remove it. People see this as a sign of trust since it means the coin can always be traded.
Keep them & Rug Later 💀 – If you keep the LP tokens, you can sell them at any time to get back your SOL or ETH which means you pull out all the value from under the coins. So even if on our example $BBC has many traders and people own a lot of coins they won't be able to sell them once I remove their underlying worth. It's like printing money without anything baking it, which as I am writing this just realized that the FED is doing, so maybe don't feel that bad if you want to try it on your own.
Does burning LP mean the coin is safe? Not really. It just means you can’t rug via liquidity—but you can still dump your entire supply and crash the price.
How Can You Still Rug on Pump.fun?
Since Pump.fun automatically burns LP tokens, you can’t do a classic rug pull by draining liquidity. However, there’s still the OG rug move—the traditional dump.
Here’s how it works:
Buy a massive chunk of your own token when you launch it.
Shill the f*ck out of it, get people to FOMO in.
Wait for the price to pump.
Dump your entire bag on the market.
Watch the price collapse while you run off with the money.
The liquidity stays there, but it doesn’t matter if the dev dumps everything and crashes the price. Buyers are still left holding a worthless bag of dreams and bad decision. Moral of the Story? Burning liquidity makes a rug pull harder, but not impossible. If the dev holds a sh*tload of tokens, they can still dump on you. Or you can dump it on others.
Final thoughts before I let you join the meme coin trenches
Sure, if you wanna have some fun and YOLO a couple hundred bucks, go for it—as long as you can afford to lose it.Maybe you just wanna be able to brag that you’re a crypto dev or flex to your Tinder dates that you’re a crypto trader(though, speaking from experience, that sh*t has never worked before). I also won’t sit here and tell you to rug and scam people, but like I said earlier, I’m not your priest or your dad, so I’m not gonna tell you NOT to try it either.
At the end of the day, crypto—especially meme coins—is a degenerate, high-stakes game. It’s risky, toxic, and full of people looking to make a quick buck at someone else’s expense. If you play, understand what you're walking into. And no, this isn’t financial or investment advice. But if all you took away from this is that you now have the knowledge to roast your friend for blowing his rent money on a coin called $SPONGEBOBOBAMANIBBA, then honestly? I’m more than happy.
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