Meme Coin Market Data Analysis: Number of Golden Dogs and Investor Profit Situation

In 2024, Meme coin has become one of the main narratives in the cryptocurrency market, with numerous stories of sudden wealth circulating. Despite the poor performance of some exchange tokens, there are still profit opportunities on-chain. This article will provide a comprehensive analysis of the Meme coin market over the past year, exploring the distribution, quantity, and profitability of investors in the Golden Dog project.

Distribution of the Golden Dog Project

The Golden Dog Meme coin mainly focuses on the following public chains:

1. Solana: Low cost, high performance, and refined Meme coin tools make it a fertile ground for golden dog projects.
2. Base: Benefiting from the endorsement of a large exchange, the number of Golden Dogs has significantly increased, but its maturity is not on par with Solana.
3. BNB Chain: As an established public chain, it has also seen a surge of golden dog projects driven by a certain trading platform.
4. Ethereum: Although high Gas fees lead to a low win rate for Meme coins, once a golden dog appears, the wealth effect is strong.
5. TRON: It briefly had a star project, but the window period was relatively short.
6. Emerging chains like Sui/Aptos: The ecosystem is relatively new, and the number of coins is scarce.

Golden Dog Project Quantity Statistics

Golden Dog Project Definition Standards:

• Increase: The increase reached over 50 times after going live.
• Market Cap: Peak market cap exceeds 100 million USD
• Popularity: Has significant community support or attracts a large volume of traffic in a short period.

According to these standards, the estimated number of on-chain gold dog projects is as follows:

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

Golden Dog Project Timeline Distribution

Quarterly statistics of the number of each chain's Gold Dog projects:

1. Solana: Dominating throughout the year, with peak periods in Q2 2024 and Q1 2025 (30-40 per quarter)
2. Base: Increase from 10-15 in Q2 2024 to 15-25 in Q4, reflecting capital inflow and ecological maturity.
3. BNB Chain: Overall stable, slight increase in Q4 (10-15 coins)
4. Ethereum: Only 2-5 each quarter, high Gas fees limit the breakout.
5. Tron: Brief peak in Q3 2024 (5-7 peaks), followed by a decline.

Overall, the number of Golden Dog projects throughout the year ranges from 205 to 330, with an average of 50 to 80 projects per quarter, and Q4 2024 being the peak of the year (56 to 90 projects).

Investor Profit Situation

"Grabbing the Golden Dog" is defined as obtaining addresses with a growth of more than 10 times. Such opportunities are mainly concentrated within a few hours after the project's launch or precisely bottoming out at price lows.

• On Solana and Base chains, about 2%-5% of addresses have achieved over 10 times returns.
• On the Ethereum chain, due to high gas fees, the profit address ratio is relatively low (0.5%-2%)

Taking Solana as an example, about 900,000 to 3.6 million addresses have achieved more than 10 times the profit.

Market Characteristics Summary

1. Multi-chain hotspot rotation is the norm, making it difficult to prepare sufficient liquidity on each chain.
2. Even when the overall market conditions are poor, there will still be localized hot opportunities.
3. The Golden Dog project mainly focuses on three chains: Solana, Base, and BNB Chain.
4. The fourth quarter of 2024 is the peak for the number of golden dogs.
5. Profit opportunities are mainly concentrated in the early participants within a few hours after the project goes live.

Despite the current market cooling down temporarily, the Meme coin market still has potential. Investors should closely monitor market dynamics and be well-prepared to seize potential opportunities that may arise in the future.