Nic Carter: The era of meme coins as a fair trading opportunity is over, regulators are taking action against insider trading

ChainCatcher news, according to Coindesk, Castle Island Ventures partner Nic Carter pointed out that the era of meme coins as a fair trading opportunity has ended. He believes that meme coins initially attracted retail investors because they seemed to offer a level playing field, but now the market is dominated by insider trading, pre-release trading, and bot trading, putting ordinary traders at a disadvantage.

Carter stated that the promise of "fair issuance" for meme coins has been exposed, and the market is no longer fair. Although the recent trading frenzy has subsided, he believes the industry will not disappear, and there will still be new token issuances and winners, but "the era of memes is over."

As confidence in meme coins wanes, Carter expects regulators to crack down on insider trading and predicts that blockchain trading history will drive future enforcement actions. He believes the market will shift towards more sustainable and fair token issuance models.