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

In 2024, Meme coins have become a hot topic in the cryptocurrency market, with people occasionally making huge profits through these types of coins. Although tokens on traditional exchanges have performed mediocrely, there are still many profitable opportunities on the blockchain. This article will delve into the quantity and distribution of "Golden Dogs" that have emerged over the past year and explore the extent to which investors have actually profited.

The public chain with the most distribution of golden dogs

The project known as "Golden Dog" in Meme coin is mainly focused on the following public chains:

1. Solana: With low costs and high performance, along with comprehensive Meme coin tools, it has become the main incubator for golden dog projects.

2. Base: Backed by strong ecological support, the number of Golden Dogs has significantly increased, but its maturity is still not on par with Solana.

3. BNB Chain: As a well-established public chain, it relies on a strong ecological driving force and has also nurtured many golden dog projects.

4. Ethereum: Although high Gas fees make the success rate of Meme coins relatively low, once a Dogecoin appears, it often brings significant wealth effects.

5. Tron: Once briefly featured star projects like SUNDOG, but the hype was fleeting.

6. Sui/Aptos: As emerging public chains, the ecosystem is still under development, and the Golden Dog project is relatively scarce.

Estimation of the Number of Gold Dogs on Each Public Chain

Based on the three dimensions of price increase, market value, and popularity, we have made a conservative estimate of the number of golden dogs on various public chains over the past year:

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

Distribution of the Appearance Time of the Golden Dog

Dividing the past year by quarters, the emergence of the Gold Dog project presents the following characteristics:

• Solana always maintains its leading position, with Q2 2024 and Q1 2025 being peak periods.
• Base is showing a rapid growth trend, increasing from 10-15 in Q2 2024 to 15-25 in Q4.
• The overall BNB Chain remains stable, with a slight increase in Q4.
• Only 2-5 Golden Dog projects appear each quarter on Ethereum.
• Tron experiences a brief peak in Q3 2024 due to specific projects.

Overall, the Golden Dog project has a relatively balanced distribution across quarters, averaging 50-80 per quarter, with Q4 2024 (56-90) being the peak of the year.

Investor Profit Situation

We define "Grasp the Golden Dog" as addresses that achieve a gain of more than 10 times. Such opportunities are usually concentrated in a short period after the project launch, or by precisely buying in at price lows.

• Most of the profits are obtained by whales and early investors.
• Most investors missed the opportunity for a 10x increase due to buying at high positions.
• About 2%-5% of addresses on Solana and Base chains have achieved returns of over 10 times.
• The profit address ratio on the Ethereum chain is relatively low, approximately 0.5%-2%.

Market Characteristics and Investment Suggestions

1. Multi-chain hotspot rotation is the norm, making it difficult to maintain sufficient liquidity on every chain.
2. Even during periods of overall market downturns, localized hot opportunities still exist.
3. It is recommended to use tools that support multi-chain trading to quickly seize investment opportunities across various chains.

Overall, although the Meme coin market may experience a brief adjustment, there is still the possibility of another outbreak. Investors should remain vigilant and be well-prepared to seize potential opportunities that may arise in the future.