jakiro
Meme Coin can be said to be the main narrative of 2024, and there will be some short stories of getting rich from time to time.While the VC coins on the exchange are still falling all the way, there are still some opportunities to make money on the chain.So how many golden dogs have appeared in the market in the past year, and how many people have caught them?
Taking advantage of the current market break, we can review and summarize, roughly calculate the Jindog data of different chains, and learn more about whether the wealth-making effect of Meme coins is real and how strong it is.
1. Which chains have the most golden dogs?
The three chains with the highest frequency of Jingou Meme coins are SOL, Base, and BNB.
There will also be scattered golden dogs in other chains, but the probability is lower.
(1) The Solana chain has low cost, high performance and relatively complete meme coin tools, such as pumpfun, so this public chain can be said to have the soil for meme coin development and gold-burning dogs.
(2) With the endorsement of Coinbase, the number of golden dogs has increased significantly, but its maturity is still not as good as that of Solana.
(3) BNB Chain is an old public chain that relies on Binance’s strong promotion and has also seen many Golden Dog projects.
(4) Ethereum’s Gas fee is high, and Meme coins have a low winning rate, but once a cash dog appears, the wealth effect is strong.
(5) On Tron (Tron), star projects such as SUNDOG have appeared before, and they have risen with the help of SunPump, but the window period is very short.
(6) Emerging chains such as Sui/Aptos have a relatively new ecosystem and few golden dogs.
The following data statistics are mainly concentrated in these chains.
2. How many golden dogs have appeared in these chains in the past year?
Here we can count more quantitatively.
Let’s first define what a golden dog is, mainly in three dimensions:
Increase: The increase will reach more than 50 times after it goes online.
Market capitalization: The peak market capitalization exceeds US$100 million.
Popularity: Have significant community support, or attract large-scale traffic in a short period of time (such as celebrity endorsement)
According to this statistical definition, we can roughly count:
(1) Solana
There are about 15 million to 2,000 new trading pairs every day, and about 550,000 to 730,000 Meme coins within a year.
Among them, the proportion of those who meet the “Golden Dog” standard has further shrunk to about 0.1%-0.3%. Considering the volatility and data conservatism, only 10%-20% may meet the “Golden Dog” conditions, namely 55-219.
Based on actual activity, it is conservatively estimated that the number of golden dogs on Solana in the past year is 100-150.
(2) Base
There are about 2,000 to 3,000 new trading pairs every day, and about 730,000 to 1.1 million Meme coins within a year.
The proportion of high-quality projects is lower than that of Solana, and the proportion that meets the “Golden Dog” standard is about 0.05%-0.2%. Considering the volatility and data conservatism, only 10%-20% may meet the “Golden Dog” conditions, that is, 36-220.
Considering that the Base ecosystem is relatively new, it is estimated that the number of golden dogs in the past year is 50-80.
(3) BNB Chain
There are about 5-1,000 new trading pairs every day, and about 180,000 to 360,000 Meme coins within a year.
Golden Dog accounts for about 0.1%-0.2%. Considering the volatility and data conservatism, only 10%-20% may meet the “Golden Dog” conditions, that is, 18-72.
Conservatively estimated that the number of golden dogs in the past year was 30-50.
Due to high Gas fee restrictions, Ethereum has fewer daily trading pairs, and the proportion of Golden Dogs is low. It is supported by top projects. It is conservatively estimated that the number of Golden Dogs in the past year was 10-15.
The Tron chain is mainly driven by the SunPump boom, with medium daily trading pairs and limited number of golden dogs. It is conservatively estimated that the number of golden dogs in the past year is 10-20.
Emerging chains (e.g.Sui,Aptos,Bitcoin Runes), the ecology is immature and the golden dogs are rare. It is conservatively estimated that the number of golden dogs in the past year is5-15indivual.
3. What is the time distribution of these meme coins and gold dogs?
In order to show it more clearly, I divided the time into four quarters (2024 Q2, Q3, Q4 and 2025 Q1), and counted the number of “Golden Dog” Meme coins by chain.
(1) Solana dominates: the number of golden dogs in each quarter is the highest, with 2024 Q2 and 2025 Q1 being the peak (30-40), 2024 Q2 is the early stage of the Meme coin boom, and 2025 Q1 is the peak of Meme coin.
(2) Base grows rapidly: from 10-15 in Q2 to 15-25 in Q4, reflecting capital inflows and ecological maturity in 2024.
(3) BNB Chain is generally stable: Q4 has increased slightly (10-15), mainly due to the strong promotion of founder CZ, but the overall new addition is limited.
(4) Ethereum is sparse: only 2-5 per quarter, high gas fees limit the outbreak.
(5) Tron has a short-term peak: Q3 has 5-7 SUNDOG and SunPump, and subsequent declines.
The quarterly distribution is relatively balanced: the total number is 205-330, with an average of 50-80 per quarter, and Q4 (56-90) is the peak of the whole year.
4. How many people have caught the Golden Dog?
“Catching the Golden Dog’s address” refers to the number of addresses that have obtained more than 10 times the increase. This type of address is usually an early participant who bought it in a short period of time (several hours to several days) after the project is launched, or someone who accurately buys the bottom at the lowest price trough.
The opportunity for 10 times increase is mainly concentrated in the early stages of the “Golden Dog” explosion, and the window is usually only within a few hours.
As a result, giant whales and early investors accounted for most profits, while most addresses bought at high prices, missing the 10x window.
Overall, Solana and Base may account for a slightly higher proportion (2%-5%) due to low costs and high transaction volume; Ethereum accounts for a lower proportion (0.5%-2%) due to high gas fees.
5. Summarize it
(1) Distribution of golden dogs:
Solana, Base and BNB Chain are the three most active chains of Golden Dog, with Solana performing best due to its low cost and high performance;
In the past year, Solana has produced 100-150 golden dogs, 50-80 Base, and 30-50 BNB Chain;
(2) Golden Dog Characteristics and Time Distribution
Golden Dog definition: an increase of more than 50 times, a peak market value of over US$100 million, and significant community support;
Q4 2024 is the highest number of golden dogs, with a total of 56-90 golden dog projects;
(3) Actual profit situation
Profit opportunities are mainly concentrated on early participants within hours of the project’s launch;
About 2%-5% of the addresses on the Solana chain receive more than 10 times the profit, about 90,000-360,000 addresses;
(4) Market characteristics
Multi-chain hotspot rotation is the norm, and it is difficult to prepare sufficient liquidity on each chain;
Even when the overall market is not good, local hot spots will still appear;
In short, the on-chain casino may temporarily shut down, but will not close.
I still believe that Meme coins will have a second spring and we can be prepared.
