Mintable Token

A mintable token is one whose contract can create new tokens after launch, increasing total supply and diluting existing holders.

Mint functions are guarded by an owner or minter role and increase totalSupply on demand. Legitimate projects may mint transparently, but a hidden or uncapped mint lets a deployer inflate supply and dump it into the pool, crashing the price. A fixed supply shown on an explorer does not prove minting is disabled, so the bytecode must be checked.