Meme Coin Market Year in Review: Gold Dog Quantity and Investor Profit Analysis

In 2024, Meme coin became the focus of the crypto market, with legendary stories of sudden wealth emerging from time to time. Despite the continuous decline of some exchange tokens, there are still profit opportunities on-chain. Let's review the past year and analyze the appearance of golden dogs on various public chains and the profit situation of investors.

The Public Chain Frequently Appearing in the Year of the Golden Dog

The three most common public chains for Meme coin Golden Dog are SOL, Base, and BNB. Other chains occasionally have Golden Dogs, but the frequency is lower.

1. Solana, due to its low cost and high performance characteristics, along with its comprehensive Meme coin tools, provides a good ecosystem for the Golden Dog project.

2. Base benefits from its background support, and the number of golden dogs has significantly increased, but its maturity is still not on par with Solana.

3. As a mature public chain, BNB Chain has also nurtured many golden dog projects.

4. Due to high Gas fees, the success rate of Meme coins on Ethereum is relatively low, but once a meme dog appears, the impact is significant.

5. Tron briefly had star projects like SUNDOG, but the opportunity window was short.

6. Emerging chains like Sui/Aptos have relatively few gold dog projects due to their immature ecosystems.

Gold Dog Quantity Statistics

We define the standard for the Golden Dog as:

• After going live, the increase exceeded 50 times.
• Peak market cap exceeds 100 million USD
• Having significant community support or attracting a large amount of attention in the short term

According to these standards, the estimated number of gold dogs on each chain 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, etc. ): 5-15

Golden Dog Time Distribution

Divide the past year into four quarters, the time distribution of the Golden Dog is as follows:

1. Solana: Leading throughout the year, peaking in Q2 2024 and Q1 2025 with 30-40 coins.
2. Base: Increased from 10-15 in Q2 to 15-25 in Q4, demonstrating rapid development of the ecosystem.
3. BNB Chain: Overall stable, with a slight increase in Q4 of 10-15 coins.
4. Ethereum: Only 2-5 per quarter, affected by high Gas fees.
5. Tron: Q3 reached a brief peak due to specific projects (5-7 coins ), and then fell back.

Overall, the total number of golden dogs for the year is approximately 205-330, with an average of 50-80 per quarter. Q4 ( had the highest at 56-90 ).

Investor Profit Situation

"Catch the Golden Dog" is defined as an address that has gained more than 10 times the increase. Such addresses are usually early participants who bought in shortly after the project was launched, or investors who accurately bought at a low price.

The opportunity for a 10x increase is mainly concentrated in the early stage of the Golden Dog's outbreak, with a window period usually lasting only a few hours. Most of the profits are gained by whales and early investors, while most addresses missed the 10x window due to high-price buying.

• 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

Market Characteristics and Summary

1. Solana, Base, and BNB Chain are the most active public chains for Jin Gou.
2. The fourth quarter of 2024 is the peak for the number of gold dogs.
3. Profit opportunities are mainly concentrated within a few hours after the project goes live.
4. Multi-chain hot wallet rotation is the norm, and it is difficult to have sufficient funds prepared on every chain.
5. Even during periods of overall market downturn, there are still localized hot opportunities that emerge.

Although on-chain speculation may temporarily cool down, opportunities still exist. The meme coin market may迎来第二春, and investors should be prepared and closely monitor market trends.