A Comprehensive Explanation of Memecoins: The World of Earth Dogs and Gold Dogs Classified in the Market

Basic Concepts and Classification of Memecoins

In the world of memecoins, there exists a classification of "Doko" and "Kinko." This classification is not absolute and may change interactively. A Doko with excellent community management (CX) can evolve into a Kinko, with Shib being a representative example. On the other hand, a Kinko with insufficient CX may fall below a Doko. General projects can be considered as Doko or Kinko with more complex structures.

Characteristics and Types of the Japanese Inuhariko

A 土狗 (dog coin) is a coin that has the potential for rapid price increases (hundreds, thousands, and sometimes tens of thousands of times) in a short period. However, the prerequisites are important: whether one was able to enter early enough, whether the data after the rise is backed by substance, and whether the funding pool is large enough to allow for a safe exit.

Dogo can be mainly divided into two types:

Pixiu (Hikyu) type memecoin

The Pixiu type has a contract form that allows only deposits and does not permit withdrawals. This type exists both domestically and internationally, and similar fraudulent methods are repeatedly employed while changing the techniques.

The more advanced Pixiu types mimic the popular土狗, using the same name and Twitter account, as well as official Telegram and Discord, but with different contract addresses. Usually, they lure investors in a few hours or 30 minutes before the actual土狗 trading starts, in order to defraud them of their funds.

general土狗

The typical土狗 is mainly a community-driven coin and is usually referred to as a "memecoin." Many of these community-driven projects achieve great success. There are two prerequisites for success:

1. Maintain a commitment to following the project's strategy after investment.
2. Encourage the people around to participate.

Taking YFI as an example (while it is often believed to have succeeded solely due to its technical prowess, in reality, the power of the community is significant), successful 土狗 has the following characteristics:

Holding Verification System A dedicated group for large holders (top holders) will be created, and regular verification of holdings will be conducted. If the holdings are maintained or increased, they can continue to remain in the group, but if there is a decrease or sale, they will be excluded. By major holders continuously purchasing without selling, an environment for price increase is maintained.

New User Acquisition System We will provide airdrops through invitation links and new user acquisition, as well as whitelist benefits, to expand the community.

Staking Rewards/Mining/Referral Bonus We will establish an incentive structure that encourages holders to not sell, but rather to make additional purchases.

The conditions for a truly successful project are:

1. Appropriate tokenomics and community strategy

Projects that have mechanisms for holder verification, new user acquisition, staking rewards, and incorporate deflationary mechanisms have an advantage. It is better to participate in those with a structure that rewards long-term holding rather than projects that end in the short term.

2. The Importance of Entry Timing

There is a significant difference in token prices between early adopters and latecomers.

3. Communication with the project development team

It is important to understand the project development plans through AMA sessions and official Telegram and Discord. If there is no response when you ask questions, you need to be cautious.

4. Access to Internal Information

The relationship with the development team and access to the project's unique resources are key to success. Without these, investing a large amount of capital can be risky.

Characteristics of the Golden Dog

The Golden Dog can be said to be an evolved version of the successful Earth Dog. However, in many cases, there is a lack of a technical foundation and a clear vision or roadmap. Some have been listed on major exchanges and have grown in capital size, but the potential for further growth is limited, and the risk of decline remains high.

Reality of General Projects

Projects that go through various fundraising stages such as angel rounds, seed rounds, private sales, and public sales often engage in large-scale fundraising, but the information released is often presented in a Korean style after being reviewed multiple times internally.

These projects may appeal to technical prowess, practicality, and new concepts, but is that really important? For example, Bitcoin is an old technology and transactions are slow, yet its value remains high. There is no direct correlation between practicality and price.

Ultimately, cryptocurrency investment is done to make a profit, just like any other investment. Understanding market trends is more important than pursuing practicality. In the long run, it will be difficult to make a profit in general projects unless you have the right resources and information.

Market Outlook: Trends of Memecoins in 2025

As of 2025, Bonk and Dogwifhat are leading the main memecoin trends, with the resurgence of Solana and BSC driving this momentum. Dogecoin and Shiba Inu continue to maintain their popularity, and the spread of internet culture is significantly boosting the market performance of these coins. In particular, Solana-based memecoins are strengthening their presence in the market.

The strength of the community and the buzz on social media are crucial factors that determine the success or failure of these coins. When considering an investment in memecoins, it is particularly important to focus on the community activities of the project and the transparency of the development team.