Meme Coins Are Taking Over the Internet: A Beginner’s Guide to Creating Your Own

We’re in the middle of a digital gold rush, and meme coins are at the center of it all. Everyone is talking about them—high school kids are making tens of thousands of dollars in minutes, and it’s all over the news. No one knows how long this trend will last, so now is the time to take advantage of it.

Earlier this year, I launched my own meme coin called Hammy, featuring a hamster meme. Within an hour, it reached over a million-dollar market cap, and now, a few months later, it’s in the multi-million-dollar range. In this article, I’ll show you exactly how I did it and how you can too—no coding required. This is a complete beginner’s guide, and I’ve made it as simple as possible. So, close those other tabs, focus up, and let’s get started!

Step 1: Set Up Your Phantom Wallet and Get Some Solana

Before you can create a meme coin, you’ll need a Phantom Wallet and some Solana (SOL) in it. If you don’t already have these, pause here, download Phantom, and fund it with Solana from an exchange like Coinbase. Once you’re set, come back, and we’ll move on.

Step 2: Head to Orion Tools

Next, go to Orion Tools, the Solana token creator website. I’ll leave a link in the description so you know you’re in the right place. Once there, click on Select Wallet in the top right corner, choose Phantom Wallet, and connect it.

Step 3: Create Your Token

Now that your wallet is connected, it’s time to create your token. On the right side of the screen, you’ll see a guide, but since you’re following this article, I’ll walk you through it step by step.

Here’s what you’ll need to fill out:

• Name: The name of your token.
• Symbol: A ticker symbol (like AMZN for Amazon or SHOP for Shopify).
• Decimals: Leave this at 6.
• Image: Upload a logo for your token.
• Supply: Decide how many tokens you want to create. I recommend at least 1 billion for meme coins.
• Description: A short description of your token (optional).

For this example, I’m creating a token called Beanie Monkey (BM). I used an AI tool to generate a logo of a monkey wearing a beanie. I set the supply to 1 billion tokens and added a fun description: “Beanie Monkey is the coolest monkey in the kingdom.”

Step 4: Revoke Freeze and Mint Authority

Before you finalize your token, you’ll need to revoke two things:

1. Freeze Authority: This allows you to create a liquidity pool.
2. Mint Authority: This prevents you from creating more tokens after launch.

Revoking Mint Authority is crucial because if you don’t, people won’t trust your token. It’s a red flag if you can just print more tokens and dump them on the market. So, make sure both options are checked off.

Step 5: Create Your Token

Double-check all your details because once your token is created, it’s immutable—you can’t change anything. When you’re ready, click Create Token. It’ll cost about 5 SOL to create your token. Once the transaction is confirmed, you’ll see your new token in your Phantom Wallet. In this case, I now have 1 billion Beanie Monkey (BM) tokens.

Step 6: Create a Liquidity Pool

To make your token tradable, you need to create a liquidity pool. This allows people to buy and sell your token. Head to the Create Liquidity section on Orion Tools.

Here’s what you’ll do:

• Base Token: Select your token (e.g., Beanie Monkey).
• Quote Token: Keep this as Solana (SOL).
• Token Supply: Decide how many tokens to add to the pool. I recommend putting in 95-97% of your supply and keeping 2-3% for marketing or giveaways.
• SOL Amount: This determines the price of your token. The more SOL you add, the higher the value of your token. For this example, I added a tiny amount of SOL (0.00005) to make the token practically worthless since this is just a demonstration.

Step 7: Burn Your Liquidity Pool Tokens

After creating the liquidity pool, you’ll receive LP tokens (liquidity pool tokens). To lock your liquidity permanently, you need to burn these tokens. Go to Sol Incinerator, connect your wallet, and burn your LP tokens. This step is crucial because it shows buyers that your liquidity is locked, which builds trust.

Step 8: Your Token Is Live!

Once you’ve burned your LP tokens, your token is officially live! You can check it on DexScreener under the “New Pairs” tab. For example, Beanie Monkey showed up immediately with a 100% increase, but since I launched it with almost no liquidity, it’s not tradable in a meaningful way. If you launch with a proper amount of SOL, your token will be fully functional.

Step 9: Update Your Token Information

The final step is to update your token’s information on DexScreener. Add your logo, description, website, social media links, and any other details to make your project look professional. This helps build credibility and attract buyers.

Step 10: Build Your Community

Now that your token is live, it’s time to start building your community. Create a Twitter account, set up a Telegram group, and spread the word. The more people know about your token, the better your chances of success.

Final Thoughts

Creating a meme coin is surprisingly simple, and with the right strategy, you could see massive returns. Just remember, this is a high-risk, high-reward space. Always do your research and be transparent with your community.

I hope this guide helps you launch your own meme coin. If it hits a billion-dollar market cap, don’t forget about me—send a little my way! Good luck, and I’ll see you in the next article. Take care!