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Top Crypto Investor Warns: End of Meme Coin Era and Prosecution of Insiders

🔸 Nic Carter, a partner at Castle Island Ventures, has declared that the meme coin era is over after the $4 billion Libra (LIBRA) scandal.

🔸 He noted that insiders in the market will soon face legal consequences, stressing that the records of suspicious transactions on the blockchain are irretrievable.

🔸 Carter said that meme coins were initially introduced as a level playing field for retail investors, pointing to the Libra coin, which reached a value of $4 billion in minutes, showing that the market was engineered in the favor of its operators.

🔸 Ki Young Ju, CEO of CryptoQuant, also predicted that the meme coin market would enter a period of disillusionment. / Source