Will the starting price of future "Golden Dogs" be $100,000 FDV?

It’s been a long time since the meme gold dog was closely related to the dynamic hotspots of the industry projects.

The most discussed topic in the past two days is Solana’s newly launched blinks function. Blinks opens up new trading scenarios. Whether from the perspective of public chain development or from the application level of Socialfi, it has enough attention value.

The meme coin with the most amazing increase is SC. SC is a small-cap meme token that was demonstrated when Solana’s ecological liquidity protocol Meteora demonstrated the blinks function. This demonstration tweet was forwarded by Solana founder Toly and was regarded as the number one gold dog of blink hotspots.

Before this, most of the meme coins that the community paid attention to had little to do with the dynamics of the crypto industry. Various drama celebrity coins made people confused, and TRUMP also had more political connotations than crypto industry connotations. If you want to make money in the crypto industry, in addition to paying attention to industry dynamics and worrying about project development, you must also maintain trading sensitivity to the drama plots that appear at any time. The appearance of SC this time is satisfying enough. Smart money that follows the industry dynamics bought it early, and it increased 100 times in two days, which can be regarded as making money by cognition.

So as a meme coin with enough degen and narrative space,after the attention was ignited and the increase was 100 times, what should the market value of SC be? The answer is that it has not exceeded 10M (10 million US dollars).

As of the time of writing, SC has fallen from its high point, with a market value of 7.9M

This inevitably makes people feel a little confused. Do you still remember SILLY half a year ago? The dinosaur image of Solana founder Toly once rose nearly 200 times in a few days, and its market value exceeded 150 million US dollars at its peak. Even though the price of SILLY has now reached "+0" and has fallen more than 90% from its peak, it still has a market value of 15 million US dollars. Why is the "ceiling" of the popular track Golden Dog meme getting smaller in the bull market?

The market may be cold on one hand, but the most important thing is that the liquidity of the meme track may have been fragmented.

Moonshot vs. Pump.fun

This lucky golden dog SC (Star Cat) was launched on June 25th and is one of the first tokens released by Moonshot, the Dexscreener token issuance platform.

If it had not been used by Meteora to demonstrate the blink function and caught up with the overwhelming traffic, SC might still be lying at the bottom now. From the trend chart, we can see that SC experienced two market crashes in more than ten hours, and large buy orders raised the price and then quickly smashed it down.

Moonshot is seen as a product to compete with Pump.fun, the Solana ecosystem token issuance platform. For the community, after Pump.fun, which issues more than 10,000 tokens per day, Dexscreener, a line-watching platform with a large amount of user traffic, can also issue tokens. This seems to be a good thing, but Moonshot's debut performance is not impressive, and the market value of other tokens other than SC is not high.

Even if there is not so much liquidity to pay, for Dexscreener, launching Moonshot is also a correct decision. After all, being a coin issuance platform is indeed a profitable business. Pump.fun has accumulated revenue of more than 45 million US dollars in the few months since its launch, and this figure has only been recently touched by the front-end revenue of Uniswap, the top traffic product in the encryption field, since the introduction of the new fee policy in October 2023.

Although it has not yet run out of the golden dog, Moonshot's appeal to users cannot be underestimated. More than 7,000 tokens were released on the day of its launch, although only 27 of them reached the threshold of 500SOL, and then they were able to obtain liquidity pools on Raydium. Two days later, these tokens also embarked on the road to zero one after another.

More people are issuing coins, but fewer people are buying them

As the number one local dog coin in the blinks topic, while SC is still rising, BLINK has been launched as the "second dragon". Searching the Dexscreener interface, you can see that there are 5 BLINKs on Solana, with market capitalizations ranging from a few hundred dollars to 100,000 US dollars.

Copycats are not new. For example, after SILLY showed an amazing increase last year, Solana also had "antonymous" memes such as YLLIS to take advantage of SILLY's popularity. Since the emergence of WIF, tokens named "prefix + WIF" have appeared on the Solana trading hot list almost every day.

However, the emergence of Pump.fun has greatly increased the number of imitations. According to media statistics, the number of tokens issued through Pump.fun last month accounted for 83% of the new tokens issued on Solana. Clicking into Pump.fun, the tokens that appear in a vibration are dazzling. Users notice a token, and when they try to see the name, they have to look two or three lines away.

There are more coins, but the number of people buying coins and the liquidity that can be traded have not changed. In the eyes of investors, compared with buying coins, issuing coins with more initiative has higher profit expectations.Based on this, the dilution of liquidity in the meme market is inevitable.

Take the US election concept coin as an example. Not long ago, a media called Pirate Wires stated on X that "Trump's official team is launching the token DJT on Solana." This unconfirmed tweet pushed the market value of DJT to US$500 million in four hours. At the same time, TRUMP fell more than 31% in four hours, with a market value of more than $200 million, and MAGA's market value dropped sharply by $150 million. Other small coins such as TREMP and BODEN also fell by 20%-40%.

After repeated questioning by the community, the official identity of the DJT team was falsified, and DJT subsequently plummeted, while TRUMP and MAGA immediately rebounded sharply. Observing the trend of TRUMP, it can be seen that DJT's impact on its price is particularly obvious.

TRUMP's trend between June 17 and 20

Finally, let's make an assumption. TRUMP, the leader of the current election concept coins, was born in August last year. After stepping on the hot spot of Trump's election, it began to soar. Although the current high price has been halved, the market value is still 380 million US dollars (384M). If TRUMP is released on Pump.fun or Moonshot, will it still have a market value of over 100 million?

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