No, you cannot get rich from simply creating a new memecoin. You need liquidity first.

I've been seeing a bunch of posts about just how 'easy' it is to create a new memecoin in under 1 minute, and it made me realize this sub really seems to struggle with the concept of liquidity.

You can create any new smart contract at any point you want, but nobody can trade anything for your newly minted memecoin until you add liquidity to a DEX.

THIS MEANS YOU NEED TO HAVE MONEY TO MAKE MONEY

To prove my point, lets take a look at PEPE.

Here we can see the contract for PEPE was created about 25 days ago as of this post.

https://etherscan.io/tx/0x2afae7763487e60b893cb57803694810e6d3d136186a6de6719921afd7ca304a

Creating 420,690,000,000,000 PEPE cost around 0.037 ETH

The PEPE Deployer address has only 1 other transaction before creating PEPE, and it was a transfer from Bybit for 2.2 ETH. This transaction happened approximately 9 hours before creating PEPE.

https://etherscan.io/tx/0x242b41990d2ab19c10666e7c4c5514f8eb1afa6e20f12a9e65431dde131311e3

2.2 ETH sent to PEPE deployer contract before deployment

This 2.2 ETH was subsequently used to fund the liquidity pool in Uniswap, thus a memecoin is born.

https://etherscan.io/tx/0x273894b35d8c30d32e1ffa22ee6aa320cc9f55f2adbba0583594ed47c031f6f6

2 ETH and 391,662,390,000,000 PEPE go into a Uniswap pool

So PEPE could have been just another completely useless smart contract, if it weren't for the creator putting 2 ETH into a pool so that you can actually purchase the tokens.

And for brevity sake, here is the timeline of events in one screenshot:

The birth of PEPE