in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come.
Lots of investors still do not give any value to memecoins. Some people think that a lot of memecoins are just useless as they are created purely for fun or at least it started like that until more people got interested now memecoins are trying to stay.
If memecoins don’t find a way to collectively make use of themselves, they will be soon forgotten in this industry.