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Nic Carter says that the memecoin era is basically over and insider traders will soon face legal consequences. According to Nic Carter, a partner at Castle Island Ventures, the memecoin era has come to an end following a series of scandals, with the most recent one being the $4 billion LIBRA fiasco. He shared his thoughts in a post on X, stating, “Obviously, meme coins won’t fully disappear, but the trade is gone.” Carter also warned that insider trading in the memecoin market won’t go unnoticed and that those who were involved will eventually face legal consequences. Memecoins are unquestionably over. (Obviously, they won’t fully disappear, but the trade is gone). Reason being, the entire premise of memecoins was that they were “fair launch” opportunities where John Q Retail had just as good a shot at making money as the funds and VCs. This… https://t.co/TtkpD4sSXO — nic golden age carter (@nic__carter) February 19, 2025 According to Carter, memecoins were originally seen as “fair launch” opportunities where retail investors had the same chance to profit as venture capitalists and funds. However, this premise has now been busted. The Milei coin, Carter explained, is a prime example of this, launching at a billion-dollar valuation and reaching $4 billion within minutes. “The casino didn’t take a slight edge – it was more like 90/10 in favor of the house.” Carter pointed to Hayden Davis as a key figure in exposing corruption in the memecoin sector. “For all of Hayden’s sins, he’s done more to expose the corrupt memecoin sector than anyone else, and he should be commended for that at least.”  While some launches will still occur and retail investors will continue to be exploited, particularly those unaware of the sector’s extractive nature, the broader trend is basically over. The ongoing scandals will…

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Filed under: News - @ February 20, 2025 1:24 pm