Where is the golden dog?

Let's first take a look at a set of data:

In 2024, the total market value of Meme coins soared from 20 billion USD to 140 billion USD, with a growth rate of 600%.

After peaking at $137 billion in December 2024, the market cap fell by 59% to $56.2 billion in February 2025, followed by a slight rebound to $64.25 billion.

In terms of market participation, Meme coins will account for 31% of attention in the cryptocurrency market in 2024, with trading volume increasing by over 950%.

It can be seen that the market is growing very fast. We set the standard for the Golden Dog project at a growth rate of over 50 times and a market value of over 100 million USD, mainly focusing on the following on-chain aspects:

Solana: More than 5 million Solana on-chain tokens will be issued in 2024, with 69,197 projects successfully breaking through the market. About 550,000-730,000 new meme coins have been added in the past year, of which 100-150 are estimated to meet the "Golden Dog" standard. 2024 Q2 and 2025 Q1 are the peak hours for its golden dog population.

Base: Approximately 2,000-3,000 new trading pairs are added daily, totaling about 730,000-1,100,000 Meme coins within a year, with an estimated 50-80 meeting the "Golden Dog" standard. The number of Golden Dog projects is expected to increase from 10-15 in Q2 2024 to 15-25 in Q4.

BNB Chain: Approximately 500-1000 new trading pairs are added daily, totaling about 180,000-360,000 Meme coins within a year, with an estimated 30-50 meeting the "Golden Dog" standard. The number of Golden Dogs is expected to slightly increase in Q4 2024.

Ethereum: Due to high gas fees limiting the number of daily trading pairs, the estimated number of gold dogs in the past year is conservatively around 10-15.

Tron: Primarily driven by the SunPump craze, the number of gold dogs in the past year is conservatively estimated to be 10-20. In Q3 2024, due to SUNDOG and SunPump, there are expected to be 5-7 gold dog projects.

Emerging chains (such as Sui, Aptos, Bitcoin Runes): the ecosystem is immature, and golden dogs are scarce, with a conservative estimate of 5-15 golden dogs in the past year.

How many people have caught the Golden Dog?

"Grabbing the address of the golden dog" refers to the number of addresses that have achieved a price increase of more than 10 times. These addresses are typically early participants who bought shortly after the project launched (within a few hours to a few days) or individuals who accurately bought at the price lows.

Overall, only 2%-5% of addresses have earned 90% of the profits on the Solana chain, while 90% of retail investors have lost everything after buying at high prices.

The Pumpfun platform issues 5.09 million tokens in a year, and only 1.36% can survive, while the rest have all become worthless "shitcoins."

Over 87% of new projects have issues such as centralized contract permissions and unlocked liquidity, with some projects creating false hype through bot trading.

The Meme coin market exhibits typical characteristics of "high volatility, strong narratives, and low entry barriers." From the above data, it is not difficult to see that the current market is flooded with air coins, and many Meme coin projects lack practical application scenarios, relying purely on speculation to attract investors, with prices fluctuating dramatically, representing a concentration of speculative risk.

Data doesn't lie. After reading this article, do you still consider yourself a "diamond hand" and want to mine gold? Or are you still that "chosen one"?

‍#金狗 #钻石手  #Meme币 #投机风险