Nic Carter: Memecoin era is over as market matures

Castle Island Ventures partner Nic Carter declared the memecoin boom "unquestionably over" citing insider manipulation and scandals like the LIBRA token as key factors. Once seen as "fair launch" opportunities, memecoins have become rigged markets dominated by insiders, Carter said. According to CoinDesk, he predicts a shift toward more transparent token launches, regulatory crackdowns on insider trading, and a focus on sustainable DeFi projects, calling the end of the memecoin craze a sign of market maturation.