“The MEMECOIN Market, Once Pitched As A “Fair Launch” Opportunity for Traders, Has Been Exrained As A Rigged Game, Carter SAID.”, – WRITE: www.coindesk.com
In a post on X, Carter argued that memecoins – tokens with Little to no utility beynd of specialized trading – were initial Attractive Because they appeared to office. However, with Recentals Such as Libra Coin, The Market Has Been Overtaken by Insiders, Prelaunch Deals, and Bot-Driven Trading, Leaving Everyiday Tradays at A Disadvantage.
“The Entire Premise of Memocoins Was that Were ‘Fair Launch’ Opportunities WHERE RETAIL HAD JUST as Good As Funds and Vcs,“ Carter Wrote. “That was exposed as a lie – the kasino wasn’t fair.”
Carter Pointed to the Launch of Milei’s Libra Coin, WHICH OPENED AT $ 1 Billion Market Cap Before Briefly Spiking to $ 4 Billion, AS An Example of How Insiders Now Dominate The Market. Such Unfair Launches, He Said, Have Turned Memecoins Into A Casino Where The House Overwhelmingly Wins.
Read More: Libra Token’s Co-Creator Claimed He Paid Argentinian President Milei’s Sister
While Carter Thinks that the recenting freenzy that started Since the US President Donald Trump Started His Trump Memecoin is Over, He Did Note That Industry Isn’s. Rater, there will still likely be a few New Token Launches and Some Winners, But The “Meta Is Done.”
As Confidentnce in Memecoins Fades, Carter Expects Regulators to Take Action Against Insider Trading in the Sector. “JUST BECAUSE MEMECOINS PROBABLY ARENN’T Securities Doesn’t Mean There’s No Liability Associated with Trading on Inside Information,“ He Said, Predicting That Blockchain Transaction Enforcement Actions.
‘What maturation look like’Looking Ahead, Carter Believes the Market Will Shift Toward More Sustainable and Fair Token Launches.
High Pre-Launch Valuations Have Become Less Attractive, and Projects Are Adapting by Offering Lower Initial Valuations to Attract Buyers. PLATFORMS LIKE ECHO, WHICH ENFORCE ACCREDITATION AND KYC, Are Likely to Gain Popularity for Prelaunch Fundraising, Helping Projects Distribute Tokens More Fairly.
Meanwhile, Carter Expects Increated Legitimacy in Defi Tokens. With the Sec Crafting Cleerr Rules for Token Issuance, He Sees A Future Whore Tokens Can Openly Generate and Return Capital to Users.
“The Trade of the Next Few Years is Simply Assessing The Fundamentals of the Tese Tokens and Buying Those Those Trade at Reasonable Valuations Relatives to Their Relan.
While Some Traders Maynt the end of the memecoin Gold Rush, Carter Argues That Market Is Simply Maturing. “The Pain of Disillusionment is Real, But Ridding OurSelves of the Canceros Memecoin Sector – Hindsight Tremendously Unfair-is A Good Development Overall,” He Wrote.
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