Market players say the meme coin frenzy has become exhausting. "Sentiment now is probably as low, or probably lower than the FTX collapse."

If you're an optimist, this is a problem that the ETF application process should solve. In theory, only the safest, most trusted, and most liquid meme coins will even be considered for an ETF. And only the best of the best will ever get a seal of approval from the SEC.

Meme coins have taken the cryptocurrency world by storm, with many investors scrambling to get in on the action. What started as a fun, speculative investment opportunity has now grown into a multi-billion dollar market.

The world of meme coins has exploded, bringing with it a new era of explosive growth and boundless opportunities. These tokens started as jokes, but today, they are serious contenders in the crypto market.