HOW TO CREATE MEME COIN SOLANA: +1 MILLION MARKETCAP

8 min readMar 30, 2024

Welcome to a new Medium Post, this is Jorge! In this case, I will guide you through the process of creating a Meme coin on Solana without coding and reaching +1 Million Market Cap. We will include creating the token, liquidity pool, listing on different DEX and some Marketing Tips.

WHAT WILL I NEED TO LAUNCH A SOLANA MEME COIN?

First of all we need to have clear that the meme coin key is the meme. It sounds obvious, but we can’t forget that. Basically what makes “relevant” a meme coin is how easy is to make memes with it.

The more and better memes we can do, the more reach we will be getting.

The more reach we get, the more hype and sales we will be getting.

Create Meme coin Solana Costs

Taking that on account we can now think about the “creation process”. I will show you the easiest way to create a Solana Token. To complete the entire process, you will need from 1 SOL to 5 SOL, we are considering the token creation itself, the authorities revoke, OpenBook Market and Liquidity Pool creation. We also need to take into account the costs of design, marketing, and liquidity.

For sure, if we are launching a meme coin, “professional preparation” and high costs are not necessary as on utility projects. But as I said, we need a good meme and make noise with it.

I would also recommend avoiding launching a meme coin until you have the basics prepared: Branding, Marketing Plans, Social Media and Tokenomics.

How to Meme coin Solana Marketing works

In terms of Marketing we need to understand what drives the market (hype) and which platforms are the most used.

Based on this we need to remark that most tokens with hype and performing well usually use “influencer” promotions and are “shilled” on DAOs by Alpha Callers.

About platforms: people usually use Raydium, Birdeye, Jupiter Aggregator and Dexscreener to trade tokens. Also Telegram Groups to follow the market, trends and new tokens.

CREATE SOLANA MEME COIN STEP-BY-STEP

In this tutorial, we will use Smithii No-Code Tools to create and launch our meme coin. Let’s divide the process into 3 steps: Create Solana Token, Create Liquidity Pool on Solana and List our Meme coin on DEX.

How to Create a Meme coin on Solana

To create our Meme coin Token we should go to this Tool that Creates the Solana Token for us without coding; Solana Token Creator (https://tools.smithii.io/token-creator/solana).

Once we are in Solana Token Creator, we should follow these steps:

Connect your wallet on Smithii Tools
Set your Token Name
Set the “Ticker” or “Symbol” of your SPL Token
Select the Token Decimals (6 decimals is the most common)
Write your token Description
Upload your token Image (PNG or GIF)
Set the Supply (most used supply on meme coins is from 1 billion to 1 trillion)
Add links to your token metadata (optional)
Select the authorities you want to revoke (optional)
Click on “Create Token” and accept the transaction

“Immutable”, “Revoke Freeze” and “Revoke Mint” refers to authorities. Let’s explain what they mean and if we should use these options.

Solana Token’s Authorities

On Solana’s blockchain, a Token has 3 Different Authorities: Update Authority, Freeze Authority, and Mint Authority.

Update Authority allows you to update the token metadata. When we revoke it, we make the token “immutable”.
Freeze Authority allows you to Freeze the Token in the holder’s wallet. You can’t create a Liquidity Pool if you don’t revoke freeze authority.
Mint Authority allows you to mint more supply of the token you created.

It’s important for us as founders to revoke these authorities in order to ensure that people feel confident and secure while investing in our token. We can revoke them all on Smithii Tools.

CREATE LIQUIDITY POOL FOR A SOLANA TOKEN

Once we have our meme coin ready, we can go directly to create a liquidity pool. On Solana we first need to create an OpenBook Market and then add the liquidity, but we can do it all in one step with the Smithii “Create Liquidity Pool” Tool.

This tool allows us to create our liquidity pool on Raydium with a friendly user interface and from just 1 SOL (up to 3.5 SOL based on the settings you use).

Before creating our meme coin liquidity pool, here you have some tips you should take on account:

Most meme coins add from 50 to 80% supply to liquidity pool
It’s recommended to revoke all authorities of your meme coin
The more liquidity you add the more attractive your token will be. For a successful meme coin I would recommend to add at least 2k USD.
Your token will be sniped at launch. These snipers will get part of your liquidity. The more liquidity you add, the less they will affect. The more promotion you do pre-launch creating buy pressure, the less they will affect.
It’s recommended to burn/lock the liquidity pool token (tokens you receive when creating the liquidity pool). You can burn on sol-incinerator.com and lock on streamflow.finance
Below you have a guide for min order size and tick size

Create Liquidity Pool Solana

Go to Create Liquidity pool (https://tools.smithii.io/liquidity-pool/solana) and connect your wallet to use the tool.
Select the “Base Token,” which you created but has no value on the market yet.
Select the “Quote Token”. A token with value on the Market. Usually SOL or USDC.
Set the “Minimum Order Size”. This is the minimum token quantity that users will be able to buy.
Set the “Tick Size”. It means the minimum quantity that the price of your token can change.

You can use this chart as a reference for Min order size and tick size on your Solana meme coin:

6. Set the advanced options (only if you want to use a cheap Market ID, from 0.4 SOL).

These are the “inputs” you should use for the different Market IDs based on the cost.
0.4 SOL:
Event Queue Length: 128
Request Queue Length: 63
Orderbook Length: 201
1.5 SOL:
Event Queue Length: 1400
Request Queue Length: 63
Orderbook Length: 450
2.8 SOL:
Event Queue Length: 2978
Request Queue Length: 63
Orderbook Length: 909
Take into account that the bigger the market is, the more transactions it can process. We explain below how it works.

7. Set the number of tokens and SOL/USDC you want to add.

8. Set launch date (optional)

9. Snipe your own Liquidity Pool (optional)

10. Click on “Create Liquidity Pool” and accept the 3 transactions.

It will take a bit to complete, and then you will see the Market ID and the Liquidity Pool Address. Save them, as you may need the addresses for future uses.

CHEAP OPENBOOK MARKET FOR MEME COIN SOLANA

If you want to save money when launching your meme coin, using a cheap OpenBook Market is a good way, butwe should understand how it works and how to use it properly.

An OpenBook Market is a “Token Pair” stored on Solana Blockchain, that allow us to add liquidity, so people can trade these tokens on DEX.

The Market ID takes an space on the blockchain that process the transactions of our token pair, that’s why we need to pay a fee in order to create it.

COST OF CREATING OPENBOOK MARKET SOLANA

The cost of creating a Market ID on Solana varies based on the bytes we occupy. We can modify the “lenght” of our market in order to make our OpenBook Market cheaper.

The less expensive our market is, the less transactions it can process.

Let me introduce you the potential problems we may have if we don’t use an “optimal” market ID.

PROBLEMS OF CHEAP OPENBOOK MARKETS

Under Smithii User’s experiences, we had meme coins with around 500k Marketcap that didn’t have any trading issues.

If you are launching Solana meme coins, a 0.4 SOL Market ID works perfectly.

Also, if your project grows, you can always create more markets and different liquidity pools within different DEX.

To summarize, the problem we would have is that a percentage of the transactions with our market gives an error, but the volume of transactions should be high.

BURN/LOCK LIQUIDITY POOL TOKEN SOLANA

When we create our liquidity pool, we will receive “Liquidity Pool Tokens” that we can use to remove the liquidity. That’s why we should burn/lock them.

To burn our LP Tokens, we can use sol-incinerator.com. Click on the “pro” toggle, and they will appear in the “LP” window.

To lock our LP Tokens, we can use streamflow.finance. The most used platform for token lock and vesting on Solana.

LISTING A SOLANA TOKEN ON PLATFORMS

We all want to increase the visibility of our Solana Token, and listing it on different platforms can make it more accessible to users while also promoting our project.

Let’s introduce how we can list our meme coin on Birdeye, Dexscreener, Jupiter, Coingecko, and Coinmarketcap.

BIRDEYE AND DEXSCREENER

Both of them are trading platforms with thousands of users. Our meme coin will be automatically listed on them after creating the liquidity pool, so we don’t need to do anything else.

We can pay to add our social media to our token profile and also to trend on the platform.

JUPITER AGGREGATOR

Jupiter is the largest Solana’s platform for token trading. We can always swap our token on Jupiter, but we won’t be “verified” until we are accepted.

We can make an application via GitHub following this guide: How to list a solana token on Jupiter.

Take on account that they just verify tokens with a big trading volume and marketcap. Don’t apply since beginning as they won’t be approving your meme coin.

COINGECKO AND COINMARKETCAP

They are popularly known, and being listed on them is free exposure. In order to be on their platform, we will need to fill out an application.

Coinmarketcap application: https://support.coinmarketcap.com/hc/en-us/requests/new
Coingecko application: https://docs.google.com/forms/d/e/1FAIpQLSfpIPMsCvVokn7l6OpjJmJoYRxvpArYpO4rvcps-0XQxLQ7DQ/viewform

CONCLUSION

Creating a meme coin on Solana could be a challenge if we don’t have coding and marketing knowledge, by following this tutorial you will only need to take care of the marketing part to launch your successful meme coin and reach 1 Million Marketcap!

Hope you liked it, thanks for reading, and remember to share!