How to Burn Solana Tokens
Burning tokens permanently removes them from circulation. Used correctly, it increases scarcity and can raise the value of remaining tokens.
What Is Token Burning?
Token burning sends tokens to a dead wallet, an address no one controls. The tokens are permanently destroyed and removed from the total supply. Projects burn tokens to deflate supply, fulfil whitepapers, or signal commitment.
How to Burn Tokens on SolCraft
- Go to SolCraft Burn and connect your wallet
- Enter the token mint address or select from your wallet
- Enter the amount to burn
- Confirm the transaction, tokens are gone permanently
SPL vs Token-2022 Burn
Both classic SPL tokens and Token-2022 tokens can be burned. SolCraft detects the token standard automatically and uses the correct program. For Token-2022 tokens with transfer fees, fees are not charged on burn transactions.
Common Burn Strategies
- Buyback & Burn. Buy tokens from the market, burn them to reduce supply
- Deflationary Burns. Burn a % of every transaction (requires Token-2022 transfer fee)
- Team Token Burns. Signal commitment by burning unvested team allocation
- Unsold Presale Tokens. Burn leftover tokens after a presale
⚠️ Burns are irreversible
Once burned, tokens cannot be recovered. Always double-check the amount before confirming.
Related Tools
Related articles: Create a Solana Token · Launch a Presale · Token-2022 Extensions