Not ending but too many meme coins were born when the trend was going on, most of them hunted and threw them away, so if you want to invest in it, you really have to sort it out very strictly because it has a high risk that the price could fall very deep
agreed, too much meme coin created in this bullrun alone, the capital needed to mantain current FDV of these new meme coin is big enough, i don't think it can be sustaining, moving forward, maybe there's lesser and lesser meme coin retaining its current FDV. the only way for meme coin to keep the hype is if the crypto market keep growing, but at least for now I see the meme coin hype fading a little bit but still pretty much there.
I won't say the hype is dead, meme can always become hype out of the blue for no absolute reason, that's the magic of meme but then again, after a big rally like what happened before with PNUT and so on, you'd expect right now meme coin entering phase of distribution for taking profit.
Even though meme coins are supported by a large community, it is very difficult for them to survive and compete with other coins. After the hype dies down, the price continues to fall. This is what often happens to meme coins, even other coins can experience the same thing, so we must always be vigilant with the coins we hold and must be monitored at all times