The Solana-based memecoin $SMOLE has made a significant move by burning all its liquidity pool tokens, effectively taking $30 million out of circulation. This action underscores the project’s dedication to its long-term vision and aims to reassure the community about its future direction.
A Gesture Beyond Financial Gain
Dekadente, a figure associated with the $SMOLE project, clarified the intent behind the burn, emphasizing that the funds were always meant to support the project’s growth, not personal gain. “That money wasn’t for me, it was for the project. Now we are just another meme-coin!” stated Dekadente. This move is portrayed as a reaffirmation of commitment to the project rather than a financial strategy.
Positive News for $SMOLE Holders
In addition to the liquidity burn, $SMOLE holders received promising news regarding the resolution of a technical glitch that had previously hindered some users from receiving their Sendoors airdrop. This correction is likely to be well-received within the community, offering a direct benefit to the token’s holders.
This series of actions by the $SMOLE team highlights their efforts to strengthen community trust and further develop the project amidst the dynamic and often unpredictable memecoin market.
