As Crypto is heading towards maturity, the Memecoin trend is undoubtedly “without a doubt”

According to Nick Carter, a partner at Castle Island Ventures, Memecoin's era, perhaps as an opportunity for fair trading, is “undetectedly over.”

In X's post, Carter is initially appealing as Memecoins (something with little or no usefulness beyond speculative trading) appears to provide a uniform playing field for retail investors. He claimed that it was. However, recent scandals such as Libra Coin have overtaken the market with insiders, pre-reund trading and bot-driven trading, putting everyday traders at a disadvantage.

“The premise of Mimecoin was that they were an opportunity for a “fair launch” where retailers had as good shots as funds and VCs,” Carter wrote. “It was exposed as a lie. The casino wasn't fair.”

Carter pointed to the launch of Milei's Libra Coin, which opened with a market capitalization of $1 billion and a market capitalization of $1 billion, as an example of insiders currently dominating the market. Such an unfair launch said that Memecoin will turn into a casino where the house will win overwhelmingly.

Read more: Co-creators of Libra Token claimed he paid to Argentine president Milei's sister

Carter believes the recent trading frenzy that began after President Donald Trump began Trump Memocoin is over, but he said the industry will not disappear. Rather, there will likely be some new token launches and winners, but “meta is complete.”

As confidence in Memecoin declines, Carter hopes regulators will take action against insider trading in the sector. “Just because Memecoin is probably not a securities, it doesn't mean that there is no liability related to internal information transactions,” he said, predicting that blockchain transaction history would lead to future law enforcement actions.

“What does maturity look like?”

Looking ahead, Carter believes the market will shift towards a more sustainable and fair token launch.

Higher pre-release ratings are no longer attractive, and the project is adapted by offering lower initial ratings to attract buyers. Platforms like Echo and KYC that have been certified are likely to gain popularity in Prelaunch's fundraising, helping projects to distribute tokens more equitably.

Meanwhile, Carter is hoping for an increase in defi token legitimacy. By creating clearer rules for issuing tokens, we see a future in which tokens can openly generate and return capital to users.

“Trade for the next few years is simply evaluating the fundamentals of these tokens and buying what we trade at a reasonable valuation compared to actual or implied cash flow,” he said.

While some traders may lament the end of Memecoin Gold Rush, Carter insists that the market is simply mature. “The pain of disillusionment is real, but removing the highly unfair cancer memo coin sector for hindsight is an overall good development,” he writes.

Read more: Is Argentine President Mairay's code “Fiasco” the blow of Memecoin Craze's death?

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