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.