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

In 2024, Meme coin has become one of the main narratives in the cryptocurrency market, with people occasionally making huge profits through these projects. Although the tokens on traditional exchanges have performed mediocrely, there are still plenty of profit opportunities on the blockchain. This article will provide a comprehensive review of the Meme coin market over the past year, analyzing the quantity and distribution of golden dogs on various public chains, and exploring the actual profit situation for investors.

The public chain with the most distribution of gold dogs

The Golden Dog Meme coin is mainly concentrated on three public chains: SOL, Base, and BNB. Other public chains occasionally see the Golden Dog, but the frequency is lower.

1. Solana has become a fertile ground for golden dog projects due to its low cost, high performance, and complete Meme coin tools (such as pumpfun).

2. Base benefits from the endorsement of a large trading platform, and the number of gold dogs has significantly increased, but its maturity is still not on par with Solana.

3. As an established public chain, BNB Chain has also nurtured a number of golden dog projects with the promotion of a certain trading platform.

4. Due to high Gas fees on Ethereum, the success rate of Meme coins is relatively low, but once a Dogecoin appears, the wealth effect is strong.

5. Tron briefly rose due to star projects like SUNDOG and SunPump, but the hype lasted for a short time.

6. Emerging public chains like Sui/Aptos have an immature ecosystem, and the number of gold dogs is scarce.

Statistics of Gold Dogs in Various Public Chains

To quantify the analysis, we define the standard for the Golden Dog as follows:

• Increase: The increase reached more than 50 times after launch.
• Market Cap: Peak market cap exceeded 100 million USD
• Popularity: Having significant community support or attracting a large amount of attention in a short period of time.

Based on these standards, the estimated number of gold dogs on various public chains over the past year is as follows:

1. Solana: 100-150 coins
2. Base: 50-80
3. BNB Chain: 30-50 coins
4. Ethereum: 10-15 coins
5. Tron: 10-20 coins
6. Emerging public chains (such as Sui, Aptos, etc.): 5-15

Time Distribution of the Golden Dog's Appearance

The past year is divided into four quarters (2024 Q2, Q3, Q4, and 2025 Q1), and the situation of various public chains' Golden Dogs is as follows:

1. Solana remains ahead each quarter, with peak periods in 2024 Q2 and 2025 Q1 (30-40).
2. Base is showing a rapid growth trend, increasing from 10-15 in Q2 to 15-25 in Q4.
3. The BNB Chain remains stable overall, with a slight increase in Q4 (10-15).
4. Ethereum has only 2-5 coins each quarter.
5. Tron reached a brief peak in Q3 due to specific projects (5-7), and then declined.

Overall, the total number of Golden Dogs for the year ranges between 205 and 330, averaging 50 to 80 each quarter, with Q4 (56 to 90) being the peak for the year.

Analysis of Investor Profit Situation

"Grabbing the Golden Dog" is defined as an address that has achieved a rise of more than 10 times. These addresses are usually early participants who bought in within a few hours after the project went live or investors who accurately bottomed out at the price trough.

The opportunity for a 10-fold increase is primarily concentrated in the early stage of the "Golden Dog" explosion, and the window period usually lasts only a few hours. Most of the profits are obtained by giant whales and early investors, while the majority of investors buy in at high levels and miss the 10-fold profit window.

The proportion of profit addresses varies slightly across different public chains:

• Solana and Base: About 2%-5% of addresses achieve over 10 times returns
• Ethereum: About 0.5%-2% of addresses achieve over 10 times returns

Taking Solana as an example, about 900,000 to 3.6 million addresses have achieved returns of over 10 times.

Summary of Market Characteristics

1. Multi-chain hot rotation is the norm, making it difficult to prepare sufficient liquidity on every chain.
2. Even in a poor overall market, localized hot opportunities will still arise.
3. Profit opportunities are mainly concentrated in the early participants within a few hours after the project goes live.
4. Q4 2024 is the peak number of gold dogs, with a total of 56-90 gold dog projects generated.

Although the current on-chain transaction activity may have temporarily decreased, market opportunities still exist. Investors need to stay vigilant and prepare for a possible resurgence in the Meme币 market. In a multi-chain environment, flexible capital allocation and quick response capabilities will be key to seizing opportunities.