Nick Carter says that the Memcoin era is originally over and interiors will soon face legal consequences.
According to Nick Carter, a partner of the Castle Island Ventures, the Memcoin era has ended after a series of scams, the most recently a $ 4 billion Libra Fiasco. They shared their views In a post on X“Obviously, Meme coins will not disappear completely, but the business has gone.” Carter also warned that Insider trading in the Memcoin market would not pay attention to anyone and those who were involved would eventually face legal consequences.
According to Carter, Memcoin was originally seen as “Fair Launch” opportunities, where retail investors had a chance to profit as enterprise capitalists and money. However, it is now busted on this basis. Miley coin, Carter explained, is a prime example of this, launched on an billion-dollar evaluation and reaches $ 4 billion within minutes.
“Casino did not take a little lead – it was like 90/10 in the house.”
Carter indicated Hayden Davis as an important person in highlighting corruption in the Memcoin sector.
“For all the sins of Hayden, they have done more to highlight the corrupt Memcoin sector than someone else, and they should be appreciated at least for it.”
While some launch will still be there and the exploitation of retail investors will continue, especially unaware of the nature of the region, the broader tendency is originally finished. The ongoing scams will remove clever investors and eventually stop the market on a large scale.
Beyond the market shift, Carter warned that internal sources of Memcoin would face legal consequences.
“Unlike popular perception, just because memecoin is probably not securities, it does not mean that there is no liability related to the information and similar trading. Criminal risk for insider trading is well established in legal example . The insider trading is still illegal, no matter the underlying substrate.
Carter is not alone to believe that the meme coin era is curved. Many market analysts have also mentioned that the region is near its peak.
Ki Young Zoo, CEO of Cryptoctive, Said The coins of that meme will eventually pass through the “trough of disillusionment” -where the market dies before it is stable. Like Carter, they do not think meme coins will disappear completely. Instead, he hopes that the area will mature in the next five years.
