Memecoin Madness: The End is Nigh for Insider Traders! 😂💰

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Well, folks, gather ’round! Nic Carter, the crypto sage from Castle Island Ventures, has declared the memecoin era is about as alive as a doornail! 🪦 Insider traders, you better watch your backs because the legal hounds are coming for you! 🐕💼

According to our buddy Nic, the memecoin party is officially over, thanks to a series of scandals that would make even a soap opera writer blush! The latest episode? A $4 billion LIBRA fiasco that’s got more twists than a pretzel! 🥨 He took to X (formerly known as Twitter, but who’s counting?) to say, “Sure, meme coins won’t vanish like my last diet plan, but the trade? Gone, baby, gone!”

“Memecoins are unquestionably over. (Obviously, they won’t fully disappear, but the trade is gone). Reason being, the entire premise of memecoins was that they were ‘fair launch’ opportunities where John Q Retail had just as good a shot at making money as the funds and VCs. This…”

— nic golden age carter (@nic__carter) February 19, 2025

Now, let’s talk about the “fair launch” myth! Nic says it was like giving everyone a ticket to a rigged carnival game. 🎡 The Milei coin? Launched at a billion-dollar valuation and zoomed to $4 billion faster than you can say “get rich quick!” 💸

“The casino didn’t take a slight edge – it was more like 90/10 in favor of the house.”

And who’s the hero in this tale of memecoin woe? None other than Hayden Davis! 🎭 Nic gives him a shout-out for exposing the corruption in the memecoin sector. Who knew being a whistleblower could be so glamorous?

“For all of Hayden’s sins, he’s done more to expose the corrupt memecoin sector than anyone else, and he should be commended for that at least.”

Sure, there will still be some launches, and retail investors will keep getting the short end of the stick—especially those who think “extractive nature” is just a fancy way to describe a nature documentary! 📺 But the smart money is packing its bags and heading for greener pastures. 🌱

Now, let’s get serious for a second. Nic warns that memecoin insiders are about to get a rude awakening! 🚨 Just because these coins aren’t securities doesn’t mean you can play fast and loose with insider info. The law is like your mother-in-law—always watching! 👀

“Contrary to popular belief, just because memecoins probably aren’t securities, doesn’t mean there’s no liability associated with trading on inside information and so on. Criminal exposure for insider trading is well-established in legal precedent. Expect a spate of enforcement and actions around this. Insiders have left an indelible paper trail on chain and can expect calls from law enforcement over the coming months and years. Insider trading is still illegal, no matter the underlying substrate.”

And guess what? Nic isn’t the only one ringing the alarm bell! Market analysts are also saying the meme coin ship is sinking faster than the Titanic! 🚢💔 Ki Young Ju, the CEO of CryptoQuant, predicts a “trough of disillusionment” is coming—sounds like a bad rollercoaster ride, doesn’t it? 🎢 But don’t worry, he thinks the sector will mature over the next five years. So, grab your popcorn! 🍿

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2025-02-20 15:56