The era of Memecoins as a supposedly fair commercial opportunity is “no doubt”, according to Nic Carter, a partner of Castle Island Ventures.
In a publication about X, Carter argued that Memecoins, which are made with little or no utility beyond speculative trade, were initially attractive because they seemed to offer a uniform playing field for retail investors. However, with recent scandals such as Libra Coin, the market has been exceeded by experts, pre -laughed agreements and Bot trade, leaving everyday merchants at a disadvantage.
“The complete premise of Memecoins was that they were opportunities for ‘fair launch’ where retail trade had a chance as good as funds and VCs,” Carter wrote. “That was exposed as a lie: the casino was not fair.”
Carter pointed out the launch of the Libra de Milei currency, which opened to a market limit of $ 1 billion before briefly increasing to $ 4 billion, as an example of how experts now dominate the market. Such unfair pitches, they said, have turned Memecoins into a casino where the house wins overwhelmingly.
Read more: Libra Token cooker said he paid the sister of Argentine president Milei
While Carter thinks that the recent commercial frenzy that began since the president of the United States, Donald Trump, began his Trump memecoin is over, did notice that the industry will not disappear. Rather, there are probable that there are still some new tokens releases and some winners, but the “goal is made.”
As confidence in Memecoins fades, Carter expects regulators to take measures against the trade of privileged information in the sector. “The fact that Memecoins probably is not values does not mean that there is no responsibility associated with internal information trade,” he said, predicting that Blockchain transactions records will lead to future actions to apply the law.
‘How is maturation looks’
Looking towards the future, Carter believes that the market will change towards more sustainable and fair files.
The high assessments prior to launch have become less attractive, and the projects are adapting offering lower initial assessments to attract buyers. It is likely that platforms such as Echo, to impose accreditation and KYC, gain popularity for the collection of prelastic funds, helping projects to distribute tokens more just.
Meanwhile, Carter expects greater legitimacy in the tokens defi. With the SEC by elaborating clearer rules for the emission of tokens, it sees a future where tokens can generate and return capital to users.
“The trade in the coming years is simply to evaluate the foundations of these tokens and buy those who trade with reasonable assessments in relation to their real or implicit cash flows,” he said.
While some merchants may lament the end of Memecoin Gold Rush, Carter argues that the market is simply maturing. “The pain of disappointment is real, but we get rid of the Mémecoin Conceroso sector, which was treaspectively unfair, is a good development in general,” he wrote.
Read more: Is the cryptography of Argentine President Milei a “fiasco” of Deathblow for Memecoin Craze?
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