Moving an authority to a multisig or a team wallet is common before handing a project over, or to avoid a single key controlling supply.
The new wallet gets full control of that authority. Check the address carefully: you cannot take it back unless the new holder transfers it again.
How it works
- Connect the wallet that currently holds the authority.
- Paste the token mint address and click Load.
- Open Transfer Authority, choose mint or freeze and paste the new wallet.
- Sign the transaction.
FAQ
Can I send the authority to a multisig?
Yes. Any valid Solana address works, including a multisig vault address.
How much does it cost?
0.08 SOL plus the Solana network fee (a fraction of a cent).