This is text that has glitches applied to individual characters.
You can do the following:
If you don't like the included glow, turn it off and then apply Film Impact's [Edge Glow] included with the Pr(as of CC2026).
English translation of the text in the preview video
Up to 5 seconds: Glitch text that distorts each character
From 5 seconds: You can turn off the glow!
You can also change the font and add line breaks!