Burning Solana tokens involves permanently removing them from circulation by destroying them. This process can help reduce the total supply of a token, often utilized in deflationary models to increase the value of the remaining tokens or to manage the token’s supply over time. Token creators or holders with the authority to burn tokens can carry out this action to control the circulating supply, manage inflation, or achieve specific project goals. Once tokens are burned, they cannot be retrieved., making this a crucial tool for projects aiming to regulate their token economy.

Instructions for Burn Solana Token

How to Burn Tokens

1. Connect your Solana wallet.
2. Select the token you want to burn some of it in your wallet.
3. Enter the number of tokens you want to burn.
4. Click on Burn Token and confirm the transaction.
5. Wait for the burning process and the token supply to refresh and update.

Note

You can see the total supply and your token balance on burn Solana token tools.