Burning Solana SPL Token or LP Guide
Burn the SPL tokens or LP held in your wallet
Last updated
Burn the SPL tokens or LP held in your wallet
Last updated
Burning Liquidity: Destroying LP tokens, making it impossible to withdraw liquidity.
Burning Tokens: Destroying any SPL tokens, reducing the total supply.
LP tokens are essentially certificates of liquidity. When you provide liquidity on Raydium, you receive LP tokens as proof, similar to a bank deposit slip. When you want to withdraw liquidity, the wallet automatically returns the LP tokens to Raydium for burning, allowing you to withdraw the liquidity. In essence, LP tokens are proof of liquidity or "pool receipts."
As mentioned earlier, LP tokens serve as proof of liquidity. Raydium only recognizes LP tokens, not wallet addresses (like banks only recognize deposit slips, not individuals). If you transfer LP tokens to someone else, they can withdraw the liquidity. Burning LP tokens means that these tokens no longer exist, and liquidity can no longer be withdrawn. This is what we call "burning the pool."
Many people mistakenly believe that burning a pool means the SOL and tokens in the pool are destroyed. This is incorrect. Burning LP tokens = burning the pool = liquidity cannot be withdrawn. However, the pool itself still exists, and trading is unaffected.
Think of it as burning a bank deposit slip—the money remains in the bank, but no one can withdraw it.
With PandaTool, you can burn both LPs and tokens. Here’s how:
Open the tool at https://solana.pandatool.org/en/burn and connect your Phantom wallet in the top right corner.
After connecting, you’ll see a list of spl tokens and LPs in your wallet.
To burn tokens, select the token you want to burn. The interface will look something like this
To burn LP tokens (burn the liquidity pool), select the LP. The interface will look like this:
Once the LP quantity is displayed, enter the amount you want to burn and click "Burn."
If you want to burn all LP tokens, check the "Burn All and Close Account" option on the right, then confirm in your wallet.
1. What does "closing an account" mean?
Answer: When you address receive a new token, Solana automatically creates a token storage account for it in your wallet. Closing an account means burning all tokens in the account and closing the storage account. This does not affect your wallet, so there’s no need to worry.
2. Can NFTs be burned?
Answer: If you created a pool on Orca or Raydium CLMM, you would receive an NFT as proof of liquidity, which currently cannot be burned. Burning is only supported for Raydium and Meteora LP tokens.
3. Can liquidity be withdrawn after burning the pool?
Answer: No, once the pool is burned, liquidity cannot be withdrawn.
If you have any questions about burning tokens, feel free to contact our volunteers in the Telegram group: https://t.me/pandatool_en
