If this happens we will see more meme coins coming into the market, as long as Elon Musk supports the number of Meme coins in the market we'll still see them at the top of the market, and investors will keep looking for the next big meme coin in the market.
So far a lot of meme coins like Shiba and Pepe are still good in the market and with this new hype expect other meme coins to perform well in the market.