Rug Pull Tutorial: How to Launch and Recognize Solana Meme Coin Scams
Defining the token supply, mint authority, and freeze authority. Deploying the token contract using developer tools or no-code platforms such as pumpdump.cc. Adding liquidity to decentralized exchanges like pump.fun or Raydium to enable trading. The mint authority allows the creator to mint additional tokens, while the freeze authority can halt token transfers. Managing these authorities carefully is crucial since retaining full control is a common red flag for potential rug pulls. Liquidity manipulation tactics include: Adding small liquidity to create an illusion of a viable market. Using fake or whale wallets to simulate trading volume and pump the token price.
