This article has been translated from English to Gen Z Slang.
Premining is when the OGs of a crypto decide to basically "mine" their own stash and stash away a chunk of freshly minted crypto for themselves before taking it live to the squad. 💰
The peeps who made it, usually the devs, will tell ya that premining is just them securing the bag so they can focus on the glow-up of their decentralized empire. But, real talk, if a handful of folks are sitting on a mountain of crypto from the get-go, new homies gotta deal with the founders' money moves. 👀 These big ballers can yeet their coins whenever, throwing the market into a spiral of chaos. 🚀