Castle Island Ventures partner believes the memecoin era is "undoubtedly over"

In a post on X, Nic Carter stated that memecoins — tokens that have practically no utility outside of speculative trading — were initially attractive because they appeared to offer a level playing field for retail investors

However, after recent scandals such as $LIBRA, the market has been taken over by insiders, pre-launch trades, and bot-driven trading, putting ordinary traders at a disadvantage

Carter expects regulators to take action against insider trading in this sector. "The fact that memecoins are probably not securities doesn't mean that there's no liability associated with trading on the basis of inside information"

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