How to Create a Meme Coin in 4 Steps (Free and Paid Options)

Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Author
Eric HuffmanVerified
Part of the Team Since
Jan 2024
About Author

Eric Huffman's background includes a decade plus in business management as well as personal finance industry experience in insurance and lending. A strong understanding of consumer finance combined...

Fact Checked by
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated: 
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. You can read more about our editorial policy here.

Meme coins like Pepe, Shiba Inu, and Bonk have reached billions in value. If you’ve ever wondered how to launch a meme coin on Solana or any other chain or how to make a meme coin, this step-by-step guide provides a complete overview of the process. We’ll cover budget-friendly options as well as well-funded projects.

How to Create a Meme Coin – 4 Steps Summarized

  1. Define the purpose and theme: You must decide what your meme coin’s purpose is going to be and what theme it’s going to follow.
  2. Create a crypto wallet: Select your favorite crypto wallet provider and create your own account.
  3. Create your meme smart contract: Write the code that defines your coin’s supply, rules, and functions on a blockchain.
  4. Deploy the token: Upload and activate your smart contract on the blockchain so your token becomes live and usable.

1. Define the Purpose and Theme


Start by defining the why, and then flesh out the details. It’s time to define the tone, personality, and unique characteristics of your coin. What makes it funny, relatable, or interesting? What kind of community do you want to attract?

Consider these questions:

  • What is the main idea, viral trend, or joke behind your meme coin?
  • Is there a tone you want to convey: humorous, sarcastic, ironic, or playful?
  • What kind of community do you want to attract: degens, gamers, artists, musicians, or fans of a particular TV show or movie?
  • Which core values and principles does your project embrace?

Having a clear purpose and theme will help guide the rest of your project and help ensure that the community understands it as well as you do.

How to create your meme coin

2. Create a Crypto Wallet


With your blockchain network chosen, it’s time to create a crypto wallet to manage your meme coin’s funds and interact with the blockchain. To maintain privacy and keep your project’s funds separate from your personal funds, consider setting up a new wallet dedicated solely to your project.

Depending on your chosen blockchain, there are different wallets you can choose from. Best Wallet is a leading multi-chain wallet that is a top choice for ease of use. You can also consider MetaMask for Ethereum or Phantom for Solana.

Visit Best Wallet

Choosing a dedicated wallet for your project will make it easier to manage your funds, pay for transaction fees, and interact with other users and developers on the blockchain. It’s an essential step in building a successful meme coin project. For privacy, it’s best to create a new wallet and fund it directly from an exchange.

3. Create Your Meme Coin Smart Contract


Let’s explore ways to create the meme coin token contract that controls your token’s characteristics and defines which wallets can interact with the token. We’ll start with the cheapest option: token generators and meme launchpads.

A. Use a Token Generator (Free/Low-Cost)

With these platforms, you can create a meme coin with no coding and for free. They also allow you to make a meme coin in just a few steps. We’ll use one of the available meme coin generator tools, the Ape Store Meme Coin Generator on the Base network, to create our token.

First, connect a fresh wallet and click “Create Token.” Then, enter your token’s details—like its name, symbol, and description—and choose a blockchain.

Using Ape store to create a new meme coin by adding token details

After deploying your token, your meme coin is live on the Ape Store platform. Ape Store uses a bonding curve that increases the token price as more of the supply is purchased.

If or when the token’s market cap reaches $69,000, the Ape Store creates a liquidity pool on Uniswap, allowing more buyers to trade the token.

Creation of a meme coin on Ape Store

B. Write a Custom Smart Contract

While generators can be a convenient and cost-effective way to create a smart contract, writing a custom smart contract can offer several advantages.

A custom contract allows for more complex functionalities, such as options for taxes, automated burns, or eligibility rules. To create your token, you will need the for.

  • A description of the token’s purpose and functionality
  • The desired tokenomics, including supply, distribution, and vesting schedules
  • Any specific features or mechanics you want to include
  • Information about the blockchain network you’re using (e.g., Solana, Ethereum, etc.)
  • Any relevant technical requirements or constraints

You can easily write custom contracts using OpenZeppelin’s Contract Wizard. This method allows you to create contracts without writing any code. However, you will still need some technical knowledge to deploy it on your own.

You can also write custom contracts from scratch in an integrated development environment (IDE). This is perhaps the most demanding and accident-prone method, as it involves using libraries, development frameworks, and custom RPCs.

screenshot of the OpenZeppelin’s Contract Wizard website

4. Deploy the Token to Your Chosen Blockchain


Launch platforms like Ape Store and pump.fun automatically deploys your token contract to the blockchain. If you have a custom-coded contract, it’s time to deploy your token to your chosen blockchain.

Compile the code. For example, you can use a Solidity compiler, such as solc, for an ERC-20 token. Then, use a wallet or infrastructure provider to deploy it to the blockchain network. You’ll pay gas fees for the transaction.

Once deployed, your token will be live and accessible to the public. Test and verify everything is working as expected before announcing your token’s launch to the community.

deploying a meme coin example

What is a Meme Coin and Why Do They Go Viral?


A meme coin is a type of cryptocurrency coin or token that’s inspired by a meme, a slice of internet culture, or a point of view. Unlike Bitcoin or Ethereum, which solve a problem by providing utility, meme coins typically have no utility whatsoever. Their reason for existence typically centers on fun, although some, like Shiba Inu or Floki, have evolved to become much larger projects.

Meme coins often use a mascot, with dogs and frogs among the most popular. These coins may be true coins (with their own blockchain), but more often, they are tokens that exist on another blockchain. For example, Dogecoin has its own chain, whereas PEPE is a token on the Ethereum blockchain. Communities gather around these coins, investing and trading their favorites.

Why Create a Meme Coin?


Many might see profit as the primary reason to create a meme coin, but there are several reasons people aim to create the next best meme coins, ranging from community building to profit potential. Regardless of your reason, it’s often fun, both for the creator and the community.

Let’s examine some of the reasons people immortalize memes on the blockchain.

  • Community building: Meme coins often create a sense of community around a shared interest or joke. By creating a meme coin, you can build a community of like-minded individuals who share your sense of humor and values. Those community members also become an army of publicists, fighting to keep the chart moving up.
  • Creative expression: Meme coins offer a unique way to express yourself creatively and bring your ideas to life. Memes offer a perfect playground for artists, writers, developers, or anyone who can create new content. With the right community, the community itself will create new content to create awareness.
  • Profit potential: With some meme coins reaching millions or even billions in value, the profit motive becomes a popular reason to start a meme coin. However, if you want your coin to last, be prepared to hold your position for a while.
  • Low barriers to entry: You don’t need to create a new blockchain or a decentralized application to launch a meme coin. Many times, meme coins are relatively inexpensive to launch, although you may pay in sweat equity as you work to attract community members.
  • Marketing and promotion: Creating a meme coin can help you promote a brand, product, or service. Memes also raise awareness about specific issues or causes. Meme coins utilize social media platforms and online communities in innovative ways to increase awareness.

How Can You Profit From Launching a Meme Coin?


There are several ways to profit from a meme coin, some of which may not be obvious. Let’s explore some of the possibilities.

  • Transaction fees: You can collect transaction fees from users who buy, sell, or trade your meme coin. Taxes can accomplish this goal if the feature is included in your token contract.
  • Token appreciation: If your meme coin gains popularity and its value increases, you can sell your holdings at a profit.
  • Liquidity pools: Creating a liquidity pool allows you to collect fees from users who trade your meme coin.
  • Merchandise and branding: You can sell merchandise, such as t-shirts, hats, or other items, with your meme coin’s branding.

However, the likelihood of profiting from a meme coin is relatively low. The meme coin market remains highly competitive. Most projects fail to gain traction or retain value over time. While launching a meme coin can be highly profitable in some cases, it is essential to consider the risks as well.

Examples of People Making Money From Creating Meme Coins

There are two standout examples of people (or anonymous wallets) that have made money from creating meme coins: Squid Game (SQUID) and Shiba Inu (SHIB).

  • Squid Game: SQUID was a short-lived meme coin that gained popularity alongside a popular Netflix show by the same name. Although the token was not associated with the show, it rose by 35,000% in just three days. The creators would go on to rugpull the project and make millions of dollars.
  • Shiba Inu: A meme coin that capitalizes on the trend of dog-themed tokens. The creator(s) sent almost half the supply to Ethereum founder Vitalik Buterin. He would go on to burn almost 50% of the total supply (~$6.7 billion), which increased its price. SHIB rose by about 900% afterwards, and the founder’s wallets made millions as a result.

These are two instances that show how meme coin creators can make money legitimately or illegitimately. It should serve as a reminder that investing, regardless of the asset, is always a game of chance.

How Much Does it Cost to Start a Meme Coin?


The cost of starting your own meme coin can vary significantly, especially around your marketing strategies. While there are free options, many meme coin developers invest thousands to launch a project. Paid options often include marketing support, audits to reduce exploit risk, and other services.

If you’re the DIY type or you’re working with a tight budget, a barebones launch may offer the best option. Costs generally range from $0 to $1,500. Expect to invest more time. You’ll often become the face of the project, responsible for building and maintaining the website, social media, and meme galleries.

Paid options range from $3,000 up to $100,000 or more. In this case, you’re paying experienced teams or using established platforms to launch your meme coin. Added features may include additional marketing, custom websites to showcase your meme, and audits to ensure the token’s security.

How much does it cost to create a meme coin?

Meme Coin Launch Type Estimated Cost Key Features
Barebones DIY $0 – $1,500 Limited marketing, basic website, no smart contract audit (or free basic audit)
Mid-Range $3,000 – $10,000 Social media marketing, custom website, basic smart contract audit
Professional Launch $10,000 – $100,000+ Comprehensive marketing, advanced website, thorough smart contract audit

We’ll explain each of these in more detail in later sections, providing examples of both low-cost and premium options. We’ll also detail the individual elements, such as token creation platforms, smart contracts and whitepapers, so you have a better understanding, whether you’re creating a DIY token or paying for services.

Let’s start with the token and its associated smart contract.

1. Token Creation and Smart Contract Costs

First, let’s cover some basic mechanics. A smart contract refers to a computer program that works on the blockchain. In this case, the smart contract is responsible for creating tokens in a process called minting.

The smart contract defines the rules for the token, including its ticker symbol, the total number of tokens, whether additional tokens can be minted, and which wallets are authorized to buy or sell the token.

Your token’s smart contract automatically enforces all these rules, ensuring the token behaves consistently and transparently. However, a vulnerability in the smart contract could lead to an exploit, such as minting new tokens. We also discuss the importance of audits in more detail.

Now, let’s explore some budget-friendly DIY options.

🟢 Use a DIY Meme Coin Generator: $0 - $200

You don’t need programming skills to create a meme coin and its smart contract. A DIY meme coin generator is a tool that allows you to create a token and a smart contract by using a meme coin tokenomics template and choosing options.

For example, platforms like Coin Factory allow you to generate meme coins for Solana or EVM-compatible networks (Ethereum Virtual Machine chains, such as Base, Arbitrum, or Polygon) using pre-built templates.

The costs for these services start around $50, depending on the specific blockchain network.

As an alternative, launchpads like Pump.fun on Solana or Ape Store on Base provide a streamlined way to launch your meme coin with minimal upfront costs. These platforms use simplified templates with limited customization options, enabling you to deploy a token in minutes for a few dollars.

Tokens created on launchpads often start life on the platform itself, where speculators bid on new projects. Popular platforms require your token’s market cap to reach a threshold (e.g., $69,000) before it can be deployed across the best decentralized exchanges.

While DIY options are cost-effective, expect some tradeoffs:

  • Immediate marketing pressure: If you use a launchpad, you’ll need to promote your token aggressively on social media to reach the market cap required for DEX deployment.
  • Limited customization: Meme coin generators and launchpads often restrict advanced features, such as custom tokenomics or unique utility.
  • Hidden costs: Budget at least $300+ for eventual DEX listing fees (discussed later).

For projects needing tailored rules or advanced mechanics, hiring a developer for custom smart contract work may be necessary. Let’s explore that next.

💰 Custom Smart Contract Development: $500 - $3000+

DIY token creation is effective for basic memes, where community involvement and meme content drive success. But specialized mechanics require custom development. For example, you may want to tie your token to non-fungible token (NFT) ownership or reward holders with a yield paid from transaction fees. Your smart contract can automate these features or others you might need.

  • NFT-gated access: Restrict token purchases to holders of a specific NFT.
  • Holder rewards: Share transaction fees automatically with wallets that hold your token.
  • Deflationary burns: Destroy tokens with every trade to reduce supply.

Custom smart contracts bypass template limitations, giving you full design control — but at a higher cost. Look for a blockchain developer skilled in Solidity (for Ethereum/EVMs) or Rust (for Solana). Costs vary by complexity.

  • Basic setups ($500–$1,500): Includes features such as fixed supply or transaction taxes (fees paid by buyers or sellers, often used to fund marketing or project costs).
  • Advanced builds ($1,500–$3,000+): Covers mechanics like NFT integrations or tiered taxes. For example, your contract may charge higher transaction fees for short-term traders.

Freelance platforms like Upwork enable you to vet developers based on ratings and reviews. Prioritize candidates with proven experience in meme coins.

While pricier upfront, custom contracts with features like automated burns or revenue sharing help your project stand out in a crowded market dominated by generic template-based tokens. As a caveat, increased customization also increases complexity, which can potentially lead to higher audit costs.

What Our Expert Says...
Ihssan El Medkouri
SEO Content Editor, Meme Coins Expert
“Before you lock liquidity or announce a launch date, you must first deploy your meme coin to a testnet with small liquidity. This allows you to spot bugs, check permissions, and fix issues early on.“
Ihssan El Medkouri
SEO Content Editor, Meme Coins Expert

2. Smart Contract Auditing

Even the most carefully coded smart contracts can contain hidden vulnerabilities. Audits test for unexpected behaviors and search for potential security flaws or logic errors before your meme coin goes live. Think of it like proofreading code — except mistakes could lead to exploits that drain funds or mint unlimited tokens.

In May 2024, the popular NORMIE token on Base suffered a hack in which the attacker found a way to mint new tokens. After the token’s market cap fell from $41 million to $35,000, the team was forced to relaunch with a more secure token. After the relaunch, the token plummeted.

While basic automated checks offer affordability, professional audits provide deeper analysis. Audits can bolster investor confidence and prevent exploits by giving you a chance to fix the code before launch.

Let’s break down the two main approaches: basic automated audits and professional security audits.

🟢 Basic Automated Audit: $100 - $500

Smart contract automated audits use software tools to scan your code for known security vulnerabilities and errors. These tools can help identify common issues, such as reentrancy attacks, integer overflows, and uninitialized variables. The cost of a basic automated audit typically ranges from $100 to $500, depending on the contract’s complexity and the tool used.

For example, Consensys Diligence Fuzzing offers access to automated tools for scanning vulnerabilities. The platform stress-tests your smart contract with millions of transactions, simulating an attacker. While the service offers a free plan, paid plans provide longer durations and raise caps on runs.

However, basic automated audits may not catch all vulnerabilities. Concerns unique to your contract or requiring a deep understanding of the code’s intent and functionality may be missed. As contract complexity increases, automated audits may become less viable.

💰 Professional Security Audit: $2,000 - $10,000+

Professional audits involve a thorough, manual review of your smart contract code by experienced security experts. As mentioned, complex contracts often benefit from a hands-on approach and a deeper understanding of contract functions. A professional audit will provide a summary of findings and recommended fixes.

For example, companies like Trail of Bits, OpenZeppelin, and CertiK offer professional security audit services. CertiK’s approach combines the benefits of automated testing with the expertise of human auditors.

Professional security audits cost more than basic automated audits, with costs ranging from $2,000 to $10,000 or more, but they contribute to your project’s long-term success. Prices vary depending on the complexity of the contract and the scope of the audit.

While costlier, professional audits provide a higher level of assurance that your contract is secure. The investment helps avoid catastrophic exploits and reputational damage, but can also act as a selling feature.

3. Website and Whitepaper Creation

One of the first things a prospective buyer will do is visit your website. First impressions count, so ensure the site is visually appealing and provides all the information a buyer would need.

Consider adding this content to the site:

  • Token contract address and chain
  • How to buy
  • Tokenonics (max supply, mintable, locked tokens, burned supply, taxes)
  • Special features or requirements
  • Narrative or storyline
  • Links to meme content, whitepaper, and other related content
  • FAQ section

Optionally, add a team section. However, many meme coin developers and teams prefer to use pseudonyms.

A whitepaper is a detailed document that outlines the project’s technical specifications, use cases, and potential applications. In many cases, this isn’t strictly necessary. Dogecoin didn’t launch with one.

However, if your token contract offers more complex features, such as fee-sharing or automatic burning, this might be the best place to detail how they work.

You can create the website and the whitepaper on your own, or you can outsource the work. The costs of creating a website, its artwork, content, and whitepaper can vary widely. Simpler sites can cost $1,000 or less, whereas more elaborate sites might cost as much as $10,000 or more.

If you outsource, service providers may offer all of these as a bundle.

🟢 Basic DIY Website: $50 - $300/year

For a DIY approach, in whole or in part, you'll need to invest in the following.

  • Domain name
  • Hosting
  • SSL certificate (for HTTPS secure web connections)

Hosting is likely to be the most expensive of these, although budget shared hosting packages can cost less than $5 per month. Choose a domain name that represents your meme coin well and purchase (or generate) an SSL certificate.

Several providers now offer meme coin website templates as a one-time purchase. You provide the content and artwork. Typical costs range from $20 to $30 for a basic template.

💰 Professional Site and Whitepaper Design: $1,000 - $5,000+

If you decide to outsource content creation or the website itself, expect to invest more, although much of this expenditure will be a one-time expense. Look for someone familiar with the space for your artwork and content. This helps ensure you connect with your target audience.

Expect to invest between $1,000 and $5,000, depending on the complexity of your design and whitepaper. Similar to outsourcing the smart contract, you can find freelancers on platforms like Upwork or search for a full-service web design company.

4. Marketing and Community Building Costs

Your website acts as a hub for your meme coin, but you need to drive traffic and create awareness. The basics include social media accounts and memes. If you need a boost, consider influencer marketing or paid advertising to increase your visibility. Let’s look at what each entails.

🟢 Organic Strategy (Socials + Memes): $0 - $500

Most meme coins have a verified X account. This is a monthly subscription, currently $8 per month. Many meme coin developers also use a Telegram group as a gathering place for the community. A Telegram premium account may help protect your group from getting deleted and provide some premium features for the account owner. These include custom emojis for buy bots.

If you choose to create a Telegram group for your meme coin, you’ll likely encounter some other expenses, such as sticker artwork, custom emojis, and buy-bot banners. You may also want to consider investing in community moderators or hiring a community manager. You’ll likely find some volunteers in your community, but be careful about setting permissions for mods and admins. A rogue admin can sink the ship.

💰 Influencer Marketing/Paid Ads: $1,000 - $20,000+

Optionally, you can advertise on DEX analytics sites, such as Dexscreener or Gecko Terminal, to help with your viral marketing. Many opt for Dexscreener due to the lower ad cost and higher traffic on the site. Prices start at about $300.

To maximize your exposure, consider collaborating with an influencer on X, YouTube, or other relevant platforms. These people already have a large audience and can drive traffic to your token. In some cases, the influencer will want a percentage of the meme coin’s supply. In other cases, they accept SOL or ETH for promoting your coin.

Many projects collaborate with a Key Opinion Leader (KOL), who is recognized for their expertise in the field. As with other outsourced areas, vet your prospects carefully. Given the larger amounts of money typically involved, impersonators and scams abound.

5. Exchange Listing Fees and Liquidity

Getting listed on crypto exchanges is crucial in making a successful meme coin. Listing provides liquidity, visibility, and accessibility to a wider audience. However, exchange listing fees can vary significantly, ranging from a few hundred dollars to over $100,000.

Most of the best crypto presales and meme coins begin trading on decentralized exchanges. A much smaller subset makes it to centralized exchanges, such as Coinbase or Binance. Let's explore the options and costs.

🟢 Decentralized Exchange (DEX) Liquidity Pool: $500 - $10,000+

A liquidity pool (LP) refers to tokens deposited in a smart contract. Traders can connect their crypto wallet and trade Token A for Token B.

The cost of starting the pool itself is often minimal. Think of the pool as a trading pair. For example, buyers can swap ETH for your token on an EVM chain or SOL on Solana. However, liquidity pools price each token relative to the supply of the other token.

A brand new pool will have a supply of the new meme token and likely very little of the paired token. This keeps the cost of starting the pool low. However, adding more of a paired token (such as ETH or SOL) will provide a better trading experience with reduced slippage.

DEX apps like Uniswap (EVM chains) and Orca (Solana) enable you to quickly build an LP. Orca even lets you create a token and pool simultaneously.

screenshot of an example of creating a splash pool on Orca

Creating the pool is the first step. To get eyes on your meme coin, you’ll also want at least one DEX listing. Most smaller projects opt for Dexscreener, which costs $300 for a listing. This provides a page where traders are already searching for meme coins. The page provides a chart, tokenomics, a description, a banner, and simple audit tools.

💰 Centralized Exchange Listings: $2,000 - $100,000+

Getting listed on a centralized exchange (CEX) typically takes a considerable amount of time and marks a significant milestone for a meme coin project. CEXs like Coinbase, Binance, and Kraken offer high liquidity, visibility, and credibility, which can attract more investors to your project.

However, the process of getting listed on a CEX is often more rigorous and expensive than on a DEX. CEXs typically require a more extensive review of your project, but does increase your chances of a successful meme coin.

Centralized exchange listings can range from $2,000 to $100,000 or more, depending on the exchange and the specific requirements. Some CEXs may charge a flat listing fee, while others may charge a percentage-based fee or require a minimum trading volume.

Additionally, CEXs often require projects to meet certain criteria, such as having a minimum market capitalization, trading volume, or community size. Exchanges like Kucoin, MEXC, or Gate.io typically list a wider selection of coins, possibly improving your odds of being accepted for a listing.

If you successfully create a meme coin, it's worth listing it on top meme coin trading platforms to reach a broader audience.

How to Market Your New Meme Coin


Marketing helps build active community engagement and grow awareness. Let's discuss some effective ways to market your new meme coin.

👥 Grow Social Media Profiles Before Launch

Before launch, focus on building a community on platforms like Twitter, Telegram, Discord, and Instagram. Share engaging content, respond to comments and messages, and collaborate with other projects to build your following.

Reasons why you should create a telegram group when you create a meme coin

🤝 Partner with Influencers for the Launch

Identify influencers with a large following in the cryptocurrency and meme coin space, and reach out to them to collaborate. You can offer them a fee or a portion of your coin’s supply in exchange for their promotion. If you strike a deal, expect a pump, but the coin might lose some of its gains as the hype passes.

🎁 Running Contests, Giveaways, and Airdrops

Contests, giveaways, and airdrops can also help create a buzz around your coin and attract new followers. Targeted airdrops, which involve sending tokens to specific wallets, can also be an effective way to distribute your coin to a wider audience and create buzz around your project. Start slow and measure your success.

🐖 Piggyback on Trends and Pop Culture

Follow current events, viral trends, and pop culture happenings. Then, find ways to tie your coin to them. You can create memes, jokes, or other content that references current events or trends, sharing them on social media platforms. This approach leverages hot topics on social media sites to create awareness for your meme coin.

How To Make Your Meme Coin Stand Out


With so many meme coins on the market, it can be challenging to make yours stand out. However, you can differentiate your coin and attract a loyal following using a few key strategies.

🔧 Build a Meme Coin with Real Utility

Consider creating a coin that has a practical use case, such as a token that can be used to purchase merchandise or access exclusive content (token gating). Some projects also enable staking. Real-world applications encourage long-term holders.

🫂 Tap into Trending Events and Communities

Consider creating content that references current events or popular culture. You can also partner with influencers or communities that are relevant to your coin’s theme. The excitement surrounding trending events and an active community can create a buzz around your coin, attracting new users.

Spoiler title

Finally, consider locking the liquidity pool and share the details with your community. DEX platforms will also show the liquidity as being locked. This step ensures that buyers can still sell to the liquidity pool if needed. Buyers want to know your coin isn’t a rug pull.

Trust begins with transparency. Share your roadmap and plans for the token. Help users find the information they need to feel confident about their investment. As you encounter questions, consider adding these to an FAQ section on your project website.

Is it Legal to Create a Meme Coin?


According to a recent statement by the SEC, typical meme coins do not constitute “securities” under federal law. However, this does not necessarily mean that creating a meme coin is entirely risk-free. A key distinction may center on whether your coin provides a yield and whether that yield paid to holders comes from the effort of others. This could render it an investment contract, as defined by the Howey Test.

Check the regulations for your state as well as federal rules. In some cases, states have stepped in where the federal government has not. For example, New Jersey sent a cease and desist order to Coinbase regarding its staking products.

Another consideration centers on copyrights. Memes that “borrow” intellectual property could draw legal trouble. Win or lose, the court process is costly.

What Are the Risks of Making a Meme Coin?


It can be fun and exciting to create your own meme coin, but you must be aware of any risks you might face in the process, such as:

  • Market volatility: Your coin’s value might swing violently with the market, causing you to lose some of your investment.
  • Lack of adoption: The meme market is extremely crowded, so there’s no guarantee that your coin will gain traction.
  • Regulatory risks: The regulatory environment for cryptocurrencies changes regularly. New or changing regulations could negatively impact the value or usability of your coin.
  • Security risks: As with any cryptocurrency, there’s a risk of hacking, phishing, or other security breaches. Audits can reduce this risk at the token level.
  • Reputation risks: If your coin is perceived as a joke or a scam, it can damage your reputation and reduce your chances of a thriving community.
  • Financial risks: Even if you make a meme coin on a budget, you’ll find that costs add up over time. There is no guarantee that you will ever recover your investment.

It’s very important that you keep these risks in mind before you create a meme coin so that you can plan accordingly.

Conclusion: What to Know if You Want to Create a Meme Coin


Launching a successful meme coin must be backed up by careful planning, execution, and proper marketing. But it still might not be enough, as you might face unexpected factors that will affect your coin.

Before you start, you have to cover the essentials, such as knowing the purpose of your coin, choosing the right blockchain, setting up your wallet and test environment, writing a secure smart contract and getting it audited, as well as adding liquidity to start trading.

The market sometimes thrives on memes and fun, so you need to build a strong community to back you up. You will also need to establish new connections. If you follow proper procedure, your meme coin might be the next big hit.

FAQs


Do I need coding skills to create a meme coin?

How long does it take to build and launch a meme coin?

What is the cheapest way to create a meme coin?

Can you make money from launching a meme coin?

What is the best network to launch a meme coin on?

How much money do you need for a successful launch?

References

  1. Normie Incident Analysis (certik.com)
  2. Let's go next level smart contract security with Diligence Fuzzing. (consensys.io)
  3. Staff Statement on Meme Coins (sec.gov)
  4. Framework for “Investment Contract” Analysis of Digital Assets (sec.gov)
  5. New Jersey Bureau of Securities Brings Action Against Coinbase (njoag.gov)
  6. Shiba Inu Deployer Address (Etherscan)
  7. Squid Game Rug Pull transaction hash (Metasleuth)

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
At Cryptonews, we aim to make cryptocurrency, blockchain, and Web3 understandable, and information available to everyone, no matter what level you are in your investment journey. Founded in 2017, Cryptonews has been dedicated to delivering reliable, multilingual coverage of the cryptocurrency industry.

Best Crypto ICOs

Discover trending tokens still in presale — early-stage picks with potential.

Explore Our Tools

Smart tools made for everyday crypto users

Market Overview

  • 7d
  • 1m
  • 1y
Market Cap
$3,038,102,670,070
-7.85
Trending Crypto
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors

About Cryptonews

Our goal is to offer a comprehensive and objective perspective on the cryptocurrency market, enabling our readers to make informed decisions in this ever-changing landscape.

Our editorial team of more than 70 crypto professionals works to maintain the highest standards of journalism and ethics. We follow strict editorial guidelines to ensure the integrity and credibility of our content.

Whether you’re looking for breaking news, expert opinions, or market insights, Cryptonews has been your go-to destination for everything cryptocurrency since 2017.