I don't know why some of you are insulting others, when they ask questions, which should be answered.

Here's the link, where the developer asks about 5 million coins for the MINT/USD exchange https://bitcointalk.org/index.php?topic=450381.msg5449463#msg5449463

The 700 million premine wallet shows already 0 coins http://mintcoin-explorer.info/address/MpkWtkFfAUgSumHeTRP1XAW2bGMJQYQ6Ud
The dev might have moved it to different wallets or sold them off, so nobody can track he coins whereabouts.

If you consider PoS a 1% premine is effectively more than 3%. And if you think about the PoW phase, in which only around 20 billion coins are mined, it's even more!

I think the dev used the premine to pump the coin, make some profit and establish his new Mintpal exchange.

Here's my analysis on this https://bitcointalk.org/index.php?topic=497029.0

Furthermore the dev started trolling:

Quote from: mintcointeam on March 02, 2014, 11:55:19 PM

Quote from: b-raptor on March 02, 2014, 11:45:56 PM

Time to panic sell. Devs have bailed on us...

Yeah sell everything!

Quote from: BaronVonBB on March 02, 2014, 09:00:05 PM

Quote from: philipvdlinde on March 02, 2014, 08:57:13 PM

I also sent a pm to mintcointeam regarding the premine, his reaction was very weird.

http://i.imgur.com/PXSDsUT.png
http://i.imgur.com/rxLZoGi.png

This is not looking good.