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 crypto market, with occasional cases of sudden wealth. Despite the poor performance of tokens on some exchanges, there are still profit opportunities on-chain. Let's review the market conditions of the past year and analyze the number of "Golden Dogs" appearing 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" mainly focuses on the following three public chains:

1. Solana (SOL)
2. Base
3. BNB Chain

Other public chains also have sporadic gold dogs appearing, but the frequency is relatively low.

Solana has become an ideal platform 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 the backing of Coinbase. The BNB Chain, as a well-established public chain, has also nurtured several golden dog projects under the promotion of Binance.

Due to high Gas fees, the success rate of Meme coins on Ethereum is relatively low, but once a Golden Dog emerges, the wealth effect is strong. Tron briefly had star projects like SUNDOG. Emerging public chains like Sui and Aptos have fewer Golden Dogs due to their newer ecosystems.

Statistics of Gold Dogs on Various Public Chains

We define the standard of "Gold Dog" as follows:

• Price Increase: After going live, the price increase reached over 50 times.
• Market Cap: Peak market cap exceeds 100 million USD
• Popularity: Having significant community support or attracting a large amount of traffic in a short period.

According to this standard, the estimated number of gold dogs on various public chains in 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 chains (such as Sui, Aptos, Bitcoin Runes): 5-15

Time Distribution of the Golden Dog's Appearance

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

1. Solana: Leading throughout the year, with peak periods in Q2 2024 and Q1 2025 (30-40 coins)
2. Base: Increase from 10-15 in Q2 to 15-25 in Q4, showing a rapid growth trend.
3. BNB Chain: Overall stable, slight increase in Q4 (10-15 coins)
4. Ethereum: Only 2-5 per quarter
5. Tron: Q3 peaked due to SUNDOG and SunPump (5-7), and then declined.

Overall, the distribution of gold dogs is relatively balanced, with a total of approximately 205-330 throughout the year, averaging 50-80 each quarter, with Q4 (56-90) being the peak for the year.

Investor Profit Situation

The definition of "Grabbing the Golden Dog" is the number of addresses that achieve a growth rate of over 10 times. These addresses are usually early participants who buy shortly after the project goes live (within a few hours to a few days) or investors who accurately buy the dip at price lows.

The opportunity for a 10x price increase is mainly concentrated in the early stages of the "Golden Dog" explosion, and the window usually lasts only a few hours. Most of the profits are gained by whales and early investors, with many addresses buying at high levels and missing the 10x window.

The proportion of profit addresses varies on different public chains:

• Solana and Base: Due to low costs and high trading volume, the proportion is slightly higher (2%-5%)
• Ethereum: Due to high Gas fees, the proportion is lower (0.5%-2%)

Summary

1. Golden Dog Distribution: Solana, Base, and BNB Chain are the three most active public chains for the Golden Dog, with Solana performing the best.
2. Time Distribution: Q4 2024 is the peak period for the number of gold dogs.
3. Profit Situation: Profit opportunities are mainly concentrated within a few hours after the project goes live. Taking Solana as an example, about 2%-5% of addresses have achieved returns of over 10 times.
4. Market Characteristics: Multi-chain hot rotation is the norm, and local hot spot opportunities always exist.

Although the current market may be temporarily cooling down, the Meme coin market still has potential. Investors should be prepared and pay attention to market dynamics to seize potential opportunities that may arise in the future.