Meme Coin Market Review: Analysis of Golden Dog Quantity and Investor Profits

In 2024, Meme coin became one of the main narratives in the cryptocurrency market, with people occasionally gaining considerable profits through these coins. Although some tokens on certain trading platforms performed poorly, there are still profit opportunities on the blockchain. Let's review the past year and analyze the number of golden dogs on various public chains and the profit situation of investors.

The public chain with the most distribution of gold dogs

The Meme coin Golden Dog project mainly focuses on the following three public chains:

1. Solana
2. Base
3. BNB Chain

Other public chains also have sporadic Golden Dog projects emerging, but the frequency is relatively low.

Solana provides a good environment for the development of Meme coins due to its low cost, high performance, and comprehensive Meme coin tools (such as pumpfun). Base has seen a significant increase in the number of golden dogs thanks to its backing, but its maturity is still not on par with Solana. BNB Chain, as a well-established public chain, has also spawned many golden dog projects.

Due to high Gas fees, the success rate of Meme coins on Ethereum is relatively low, but once a golden dog appears, the wealth effect is significant. Tron briefly had well-known projects like SUNDOG, but the duration of their popularity was limited. Emerging public chains like Sui/Aptos have a newer ecosystem, resulting in fewer golden dogs.

Estimation of the Number of Gold Dogs on Various Public Chains

Definition standard of the Golden Dog:

• The increase reached over 50 times after going live.
• Peak market capitalization exceeds 100 million US dollars
• Have significant community support or attract a large amount of attention in a short period of time.

According to these standards, the estimated number of gold dogs for each public chain over the past year is as follows:

• Solana: 100-150 coins
• Base: 50-80
• BNB Chain: 30-50 coins
• Ethereum: 10-15
• Tron: 10-20 coins
• Emerging public chains (such as Sui, Aptos, Bitcoin Runes): 5-15

Distribution of Gold Dog Appearance Time

Divide the time into four quarters (2024 Q2, Q3, Q4 and 2025 Q1), the situation of each public chain gold dog is as follows:

• Solana: Leading throughout the year, with peak periods in Q2 2024 and Q1 2025 (30-40 coins)
• Base: Increased from 10-15 in Q2 to 15-25 in Q4, showing that the ecosystem is gradually maturing.
• BNB Chain: Overall stable, slight increase in Q4 (10-15)
• Ethereum: only 2-5 each quarter
• Tron: Q3 peaked due to SUNDOG and SunPump (5-7), then fell back.

Overall, the distribution of the Golden Dog is relatively balanced, with an average of 50-80 per quarter, and Q4 2024 (56-90) is the peak for the year.

Investor Profit Situation

"Catch the Golden Dog" is defined as an address that has gained more than 10 times in value. Such addresses are usually early participants who bought shortly after the project went live or investors who accurately bottomed out at the price low.

The opportunity for a 10x increase is mainly concentrated in the initial outbreak of the Golden Dog, and the window period usually lasts only a few hours. Most of the profits are obtained by whales and early investors, while most addresses missed the 10x window due to high-level purchases.

The estimated address proportion of each public chain capturing the golden dog:

• Solana and Base: 2%-5%
• Ethereum: 0.5%-2%

Market Characteristics Summary

1. The Golden Dog project mainly focuses on Solana, Base, and BNB Chain.
2. The fourth quarter of 2024 is the peak for the number of golden dogs.
3. Profit opportunities are mainly concentrated within a few hours after the project goes live.
4. Multi-chain hot rotation is the norm, making it difficult to maintain sufficient liquidity on every chain.
5. Even in a generally sluggish market, there may still be local hotspot opportunities.

Despite the current decline in on-chain trading activity, opportunities still exist. Investors should remain vigilant and prepare for a possible resurgence in the Meme coin market. In a multi-chain environment, the flexible allocation of funds and the selection of appropriate trading tools will become key.