How to make a Rug Pull in Raydium (Educational Post)
In this post I am going to explain step by step how the Rug Pull mechanism works in Raydium, the largest exchange in Solana and for which many people are making huge sums of money in a very controversial way.
This type of strategy is executed both in Raydium and Pump Fun and concludes an illegitimate way to make money with meme coins. The vast majority of tokens nowadays are Rug Pull and are due to this, to the profits it generates.
If we only look at the profits, in the short term it may seem like a good idea to do it, but it does not compare to the money that can be made by launching a good project that can generate income every month without even moving a hair and being worried about executing this type of practice.
What I am going to explain below serves to tell you how these people execute the rug pull strategy and get money out of the blockchain in a matter of minutes and is for educational purposes.
How to make a Rug Pull in Raydium
Here are the 3 steps to make Rug Pull in Raydium for your information.
1- Create the token
This type of Rug takes more steps than Pump Fun, but if executed correctly, you can make a lot more money since Raydium is the largest Solana exchange of all.
The first thing to do obviously is to create a token with a Solana token creator.
- It is created by entering the name, symbol, decimals and Supply.
- The image of the token is uploaded, usually using pictures of cats and dogs.
- Many add Social links (Website, Twitter (X), Telegram and Discord) as this is something that sniper bots also check.
- Finally, and to gain credibility, they revoke the 3 authorities of Solana: Freeze, Mint and update. This is because it inspires much more confidence, without revoking them, no one important will buy from them.
- Click on "Create Token" and accept the transaction.
Those who do this kind of practices try to make the token look as legitimate as possible, that's why they revoke all the authorities, otherwise, much less investors are going to put their money in.
This is where you copy your token adress from phantom, which will be needed to view the token in DexScreener and then run the Rug Pull.
Then they copy the SPL Token Adress:
The token is copied and a window opens to view the token in DexScreener:
http://dexscreener.com/solana/SPL-TOKEN-ADDRESS
And it is set aside until the liquidity pool is executed.
2- Create the Liquidity Pool
Once they have the token with all the revoked authorities in their wallet, they start launching the liquidity pool in Raydium, but with a secret.
Those who make the most money from these practices are those who launch a liquidity pool with a bundle.
The launching of the liquidity pool and the bundle is done in one step with a Bundle tool like the following one.
Once there, the first step is to determine how much liquidity will be added: the more Solana a liquidity pool has, the more holders will invest.
Once they select the token they created earlier and select Solana as the Quote token, they add the maximum tokens in their wallet and then the amount of Solana.
Then, configure the Bundle launch. It can be done with a single wallet, but with more than one wallet it is much more effective and organic, that's why always in the rugs appear many wallets instantly to simulate the purchase effect.
Once the bundle is configured, click on "Create Liquidity Pool" and once the transactions are accepted, you must copy and save the IDs provided by the tool, which will be the ones needed later to remove the liquidity.
3- View the token in DexScreener and run Rug
Once you have reached this point, in DexScreener you see the token transaction data with the open tab from step 1.
Once they start to lower the flow of purchases and see a couple of sales they run the rug with the liquidity remove.
Where it says "Pool Adress" paste the Liquidity Pool id and press withdraw Liquidity .
A Solana transaction appears there for the amount we put in the liquidity pool plus all the purchases that remained there.
Why it is recommended not to do so
It is recommended not to do so because it is a non-legitimate way to generate money. In addition, it is not always guaranteed to make money with this method.
It is possible that when withdrawing liquidity the fees may exceed your profit, although this effect disappears when pooling with more liquidity, it is never guaranteed.
On the other hand, much more money can be made by launching legitimate projects than by listing on good exchanges.
Conclusion
This post shows only in an educational way how to execute one of the most controversial practices in the exchanges and does not constitute a financial advice or recommendation of any kind. It is recommended to launch a legitimate project of your own instead.
Surpass your competitors?
Join our Newsletter and receive weekly blockchain news specialized in web3 creators.
Industrial Engineer. Member of the Smithii's marketing team. Solana trader. Collaborator in the $SHRIMP memecoin launch.