Nic Carter: The era of meme coins 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 coin as a fair trading opportunity "doubtlessly has come to an end". Carter believes that MEME coin (a coin that has almost no use other than speculative trading) was initially attractive because they seemed to provide a fair competitive environment for retail investors. However, with the recent scandals such as LIBRA coin, the market has been replaced by insiders, pre-issued trading, and robot-driven exchanges, putting daily traders at a disadvantage. He wrote: "The entire premise of MEME coin is that they provide an opportunity for 'fair distribution,' where retail investors have the same opportunity as funds and VCs, which has been exposed as a lie - the casino is not fair." Although Carter believes that the recent trading frenzy has ended since the launch of TRUMP by former US President Trump, he does point out that the industry will not disappear. Instead, there may still be some new coin issuances and some winners, but the 'era of the yuan' has ended. As confidence in MEME coin gradually wanes, Carter expects regulators to take action against insider trading in the industry, "Just because MEME coin may not be a security, doesn't mean insider trading is without responsibility," and predicts that blockchain transaction history will lead to future enforcement actions. Looking ahead, Carter believes the market will shift towards more sustainable and fairer coin issuance. (CoinDesk)