Nic Carter: The era of Memecoin as a fair trading opportunity is over, regulators may take action against insider trading

Odaily Planet Daily News Castle Island Ventures partner Nic Carter said that the era of meme coins as a fair trading opportunity is "undoubtedly over." Carter believes that meme coins (tokens with little use other than speculative trading) were initially attractive because they seemed to provide a level playing field for retail investors. However, with the recent scandals such as the LIBRA coin, the market has been taken over by insiders, pre-launch trading, and robot-driven exchanges, putting everyday traders at a disadvantage. He wrote: "The whole premise of meme coins is that they provide a 'fair launch' opportunity, and retail investors have the same opportunities as funds and VCs. This has been exposed as a lie-the casino is not fair." While Carter believes that the recent trading frenzy has ended since US President Trump launched TRUMP, he did point out that the industry will not disappear. On the contrary, there may still be some new token issuances and some winners, but "the meta era is over." As confidence in Meme Coin fades, Carter expects regulators to take action against insider trading in the industry, "Just because Meme Coin may not be a security, it doesn't mean that insider trading is not liable," predicting that blockchain transaction history will lead to future enforcement actions. Looking forward, Carter believes the market will move toward more sustainable and fairer token issuance. (CoinDesk)