Nic Carter says that the memecoin era is basically over and insider traders will soon face legal consequences. According to Nic Carter, a partner at Castle Island Ventures, the memecoin era has come to an end following a series of scandals, with the most recent one being the $4 billion LIBRA fiasco. He shared his … Read more
Changpeng Zhao (CZ), the founder of Binance, has promised to donate 150 BNB, or roughly $100,000, to the victims of the LIBRA memecoin scam as a gesture of support. CZ’s action came in response to a college student named EnHeng announcing their plan to donate $50,000 and raise additional funds to aid the victims. Deeply … Read more
The resignation of Meteora’s co-founder Ben Chow adds another twist to the LIBRA memecoin saga. Argentinan president Javier Milei thought he was Argentina’s Trump and could scam his fans, but the pyramid turned out to be much smaller than anticipated. Now people will see jail time. Et tu Solana? Ain’t no way these people aren’t … Read more
The GMCI data suggests that the meme coin rally has cooled off, though meme coins still have a strong lead over Bitcoin and Ethereum. The GMCI Meme Index, which tracks the leading meme coins by market capitalization, is down by approximately 60% since its Dec. highs. Despite this decline, GMCI meme (730 points) still maintains … Read more
