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Recently, Solana faced significant events related to the dumping and burning of tokens that impacted its ecosystem:
Token Unlocking in March 2025: On March 1, 2025, a large unlocking of 112 million SOL tokens occurred, valued at approximately $263 billion, representing around 23% of the total supply. This event raised concerns about potential selling pressure and impact on the price of SOL. Analysts noted that SOL was in a descending triangle technical pattern, suggesting potential further declines unless there was significant support from buyers.
Scams Involving Token Burning: Scammers discovered a way to burn tokens directly from user wallets on the Solana network. Using the "Permanent Delegate" function of Solana's Token 2022 standard, these scammers were able to destroy tokens seconds after they were acquired by users. This feature, while having legitimate uses, was maliciously exploited to cause losses and manipulate the circulating supply of certain tokens.
br.cointelegraph.com
Impact on the WEN Token: In January 2024, the meme token WEN, based on Solana, experienced a sharp price drop, even after 27% of its total supply was burned. The burn, which aimed to reduce supply and potentially increase the token's value, ended up being followed by significant selling by major holders, leading to an unexpected devaluation.
coindesk.com
These events highlight the volatility and challenges present in the Solana ecosystem, emphasizing the importance for investors and users to be aware of market dynamics and potential vulnerabilities associated with new technological features.
