SOLANA: BURN LP TOKENS | BURN SPL TOKENS SOL | BURN LIQUIDITY POOL – 2024 GUIDE – HOW TO SEND TOKENS TO DEAD WALLET ADDRESS!
Solana Token Burner: https://soltokenburner.com/
Solana doesn’t have a dead wallet address like Ethereum and BSC does, so you’ll have to burn it using Soltokenburner.
Reasons to burn SPL Tokens:
DEV: To reduce a token’s supply
USERS: To clear unwanted tokens in your wallet
Reasons to burn LP Tokens from Raydium, Orca, etc.:
DEV: Once you burn LP Tokens, you will not be able to submit them back to the DEX (Raydium) and pull the liquidity (rug pull). Once burned, you will get a padlock on dexscreener.
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