{"content":"If you are Degen trader , A project that has renounced a token can still mint that token . Unless it has “mint authority revoked” it usually cost about $0.1 Sol to revoke . Stop getting excited when you see that a token is renounced . Renounced simply means “Dev no longer has no access to the coin “ But they still have power to mint more. You can check dev wallet and see that they truly do not have any token to their name . But as as far as “Mint authority” is not revoked , he/ they can go back and mint more to dump on you. Know what you should focus on.","images":[],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}