Meme coin market review: How many people caught the golden dog in the past year?

Meme coins can be said to be the main narrative of 2024, and there will be some small stories of getting rich from time to time. When the VC coins of 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 the golden dogs?

Taking advantage of the intermission of the current market, we can review and summarize, roughly calculate the data of golden dogs on different chains, and understand specifically whether the wealth-making effect of Meme coins is true and how strong it is.

1. Which chains have the most golden dogs?

The three chains with the highest frequency of golden dog Meme coins are SOL, Base, and BNB.

Other chains will also have scattered Golden Dogs, but the probability is lower.

(1) 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 the development of meme coins and the explosion of Golden Dogs.

(2) With the endorsement of Coinbase, the number of Golden Dogs on Base has increased significantly, but its maturity is still not as good as Solana.

(3) BNB Chain is an old public chain. Relying on the strong promotion of Binance, many Golden Dog projects have also emerged.

（4） Ethereum has high gas fees and low meme coin winning rate, but once a golden dog appears, the wealth effect is strong.

（5） On Tron, there have been star projects such as SUNDOG, which rose with the help of SunPump, but the window period is very short.

（6） New chains such as Sui/Aptos have a new ecosystem and a small number of golden dogs.

The following data statistics are mainly concentrated on these chains.

2. How many Golden Dogs have appeared in these chains in the past year?

Here we can make a more quantitative statistics.

First, let’s define what a Golden Dog is. There are mainly three dimensions:

Increase: The increase after going online reached more than 50 times.

Market value: The peak market value exceeded 100 million US dollars.

Popularity: Having significant community support, or attracting large amounts of traffic in a short period of time (such as celebrity endorsement)

Based on this statistical definition, we can roughly count the following:

(1) Solana

Approximately 1,500-2,000 new trading pairs are added every day, and approximately 550,000-730,000 Meme coins are added in a year.

Among them, the proportion that meets the "Golden Dog" standard is further reduced to about 0.1%-0.3%. Taking into account volatility and data conservatism, only 10%-20% may meet the "Golden Dog" conditions, that is, 55-219.

Combined with the actual activity, it is conservatively estimated that the number of Golden Dogs on Solana in the past year is 100-150.

(2) Base

Approximately 2,000-3,000 new trading pairs are added every day, and approximately 730,000-1.1 million Meme coins are added in 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 volatility and data conservatism, only 10%-20% may meet the "Golden Dog" conditions in the end, 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

About 500-1000 new trading pairs are added every day, and about 180,000-360,000 Meme coins in a year.

Golden Dogs account for about 0.1%-0.2%. Considering volatility and data conservatism, only 10%-20% may meet the "Golden Dog" conditions, that is, 18-72.

A conservative estimate of the number of Golden Dogs in the past year is 30-50.

Due to high gas fee restrictions, Ethereum has fewer daily transaction pairs, a low proportion of Golden Dogs, and is supported by top projects. A conservative estimate of the number of Golden Dogs in the past year is 10-15.

The Tron chain is mainly driven by the SunPump craze, with medium daily trading pairs and a limited number of Golden Dogs. It is conservatively estimated that the number of Golden Dogs in the past year is 10-20.

Emerging chains (such as Sui, Aptos, Bitcoin Runes) have immature ecosystems and few Golden Dogs. It is conservatively estimated that the number of Golden Dogs in the past year was

3. What is the distribution of the appearance time of these meme coins Golden Dog?

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 is dominant: the number of Golden Dogs is the largest in each quarter, with peaks in 2024 Q2 and 2025 Q1 (30-40). 2024 Q2 is the early stage of the Meme coin craze, and 2025 Q1 is the peak of Meme coins.

(2) Base is growing rapidly: from 10-15 in Q2 to 15-25 in Q4, reflecting the inflow of funds and the maturity of the ecosystem in 2024.

（3）BNB Chain is stable overall: there was a slight increase in Q4 (10-15), mainly due to the strong promotion of founder CZ, but the overall increase was limited.

（4）Ethereum is sparse: only 2-5 per quarter, and high gas fees limit the outbreak.

（5）Tron has a short-term peak: in Q3, it reached 5-7 due to SUNDOG and SunPump, and then fell back.

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 year.

4. How many people have caught the golden dog?

"The address that caught the golden dog" refers to the number of addresses that have obtained a 10-fold increase. Such addresses are usually early participants who bought in a short period of time (hours to days) after the project went online, or those who accurately bought at the bottom of the price.

The 10x increase opportunity is mainly concentrated in the early stage of the "Golden Dog" outbreak, and the window is usually only within a few hours.

Therefore, whales and early investors have taken most of the profits, while most addresses bought at high prices and missed the 10x window.

In general, Solana and Base may have a slightly higher share (2%-5%) due to their low cost and high transaction volume; Ethereum has a lower share (0.5%-2%) due to its high Gas fee.

5. Summary

(1) Distribution of Golden Dogs:

Solana, Base and BNB Chain are the three most active chains for Golden Dogs, among which Solana performs best due to its low cost and high performance;

In the past year, Solana generated 100-150 Golden Dogs, Base generated 50-80, and BNB Chain generated 100-150 Golden Dogs. There are 30-50 Golden Dog chains;

(2) Golden Dog characteristics and time distribution

Golden Dog definition: an increase of more than 50 times, a peak market value of more than 100 million US dollars, and significant community support;

Q4 2024 is the peak of the number of Golden Dogs, with a total of 56-90 Golden Dog projects;

(3) Actual profit situation

Profit opportunities are mainly concentrated in early participants within a few hours after the project goes online;

About 2%-5% of the addresses on the Solana chain have obtained more than 10 times the return, 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 conditions are not good, local hotspot opportunities will still appear;

text="">In short, the on-chain casino may be temporarily shut down, but it will not close.

I still believe that Meme coin will have a second spring, and we can be prepared.