Nic Carter: The era of meme coins as fair trading opportunities is over, regulators may take action against insider trading

Odaily News Nic Carter, partner at Castle Island Ventures, said the days of Meme Coin as a fair trading opportunity are “definitely over.”
Carter believes that meme coins (tokens with little use other than speculative trading) were initially attractive because they seemed to level the playing field for retail investors. However, with recent scandals such as the Libra coin, the market has been taken over by insiders, pre-launch trading, and bot-driven exchanges, putting everyday traders at a disadvantage.
“The entire premise of Meme Coins, that they offer a ‘fair launch’ where retail investors have the same opportunity as funds and VCs, has been exposed as a lie — the casino is not fair,” he wrote.
While Carter believes that the recent trading frenzy since the launch of TRUMP by US President Trump is over, 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 doesn’t mean there’s no liability for insider trading,” he said, predicting that blockchain transaction history will lead to future enforcement actions.
Looking ahead, Carter believes the market will move toward more sustainable and fairer token issuance. (CoinDesk)