Warning for cryptocurrency investors about the decline of memecoins era and legal risks for traders. Expert insights on market manipulation and upcoming challenges.
Nic Carter, a partner at Castle Island Ventures, has declared the end of the memecoins era following the $4 billion disaster of Libra. He warned that domestic traders in this market will soon face legal consequences, emphasizing that suspicious transaction records on the blockchain are irremovable. Carter highlighted how memecoins were initially presented as an equal opportunity for small investors, mentioning Libra coin that surged to $4 billion within minutes, revealing the market’s manipulation in favor of its creators. Ki Young Ju, CEO of CryptoQuant, also predicted the memecoins market entering a period of downfall.
