The upcoming year 2024 is the “Year of the Dragon” in the Chinese lunar calendar. In addition to the recent frenzy of inscriptions in the currency circle, major public chains have also given rise to inscribed tokens and memecoins related to the symbol of the “dragon.”
(Summary:
Solana’s memecoin “Silly Dragon” surged 60% in a single day, with a market value exceeding 100 million RMB, hinting at the release of NFTs?
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(Supplementary background:
Inscriptions overcrowd the AVAX network: Binance suspends deposits and withdrawals, Avalanche official wallet loses connection. Is the ASC-20 project DINO causing trouble?
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Table of Contents:
Solana Ecosystem
Silly Dragon (SILLY)
DragonCoin (DRAGON)
LOONG (LOONG)
Bitcoin Ecosystem
Long
DRAG
DADA
BNB Chain
DragonKing
Avalanche
DINO
The upcoming year 2024, the “Year of the Dragon” in the Chinese lunar calendar, has seen the rise of meme coins and inscribed projects related to the concept of the “dragon” on major public chains, whether it’s Silly Dragon on Solana or DINO on Avalanche.
However, the rise of the concept of the “dragon” is not only influenced by Chinese elements, but it actually originated in the West. During Halloween in 2023, Anatoly Yakovenko, co-founder of Solana, appeared dressed as the “Silly Dragon” at the Solana Breakpoint 2023 meetup in Amsterdam. Shortly after getting Anatoly’s attention, Silly Dragon’s price increased more than 80 times and reached a historical high of 0.13 USDT on December 25th.
In the Western world, dragons exist in ancient Greek, Babylonian, Christian, Norse mythology, and Celtic culture, as well as Anglo-Saxon legends. They are symbols of strength and divinity for Vikings, Celts, and Anglo-Saxons. In the Christian narrative of the Bible, the legend of “St. George and the Dragon” portrays the dragon as a “hoarder” and a devil. In China, dragons have been worshipped as totems since the Shang and Zhou dynasties. They are the leaders of all creatures, bringing rain and blessings to the earth, symbolizing peace in the world. In the political lineage since the Qin and Han dynasties, the dragon is a symbol of wealth, wisdom, and power in Chinese politics.
The “dragon year trading dragon” phenomenon represents a shared cultural meme for both the East and the West. In light of this, Foresight News has compiled a list of recent “dragon” concept meme coins and inscribed projects on major mainstream public chains.
Solana Ecosystem
Silly Dragon (SILLY)
Silly Dragon (SILLY) is the most eye-catching memecoin on the Solana public chain. It broke through 0.1 USDT again yesterday (25th) and reached 0.138 USDT, a historical high. The current quoted price is 0.1183 USDT. Silly Dragon was launched on December 5th and has gained support from Solana co-founder Anatoly Yakovenko. Its price has increased more than 80 times in the past half month. Anatoly Yakovenko himself mentioned Silly Dragon on September 6th.
DragonCoin (DRAGON)
DragonCoin (DRAGON) is a memecoin on Solana that claims to be “created to make people rich.” It was launched for trading on December 20th and has increased nearly 100 times. The current quoted price is 0.0000000000023868 USDT, with a market value of about 238,000 USD and a 24-hour trading volume of about 256,000 USD. DRAGON currently has 388 holders, with Raydium holding the highest percentage at 8.13%, followed by an address named “Creator” at 5.05%, and the address 6qMgPW…v6eF at 3.9%.
LOONG (LOONG)
LOONG (LOONG) is another memecoin on Solana with a total supply of approximately 99.9 million. LOONG was launched for trading on December 19th, with a current quoted price of 0.00010438 USDT, a market value of about 10,000 USD, and a 24-hour trading volume of 1,380 USD. LOONG currently has 115 holders, with Raydium holding the highest percentage at 26.31% and the address pru.sol at 9.4%.
Bitcoin Ecosystem
Long
Long is a BRC20 inscribed token in the Bitcoin ecosystem, created in March, with a total supply of 21 million and a maximum minting limit of 1,000 per minting. Long’s slogan on X (formerly Twitter) is “Long Bitcoin, Short the World” and “Buy $Long in the 2024 Dragon Year for luck and a flying dragon in the sky.” The global Chinese community on Telegram has 282 members, but there are already at least 8 WeChat groups. On December 14th, Long reached a highest trading price of 1.01 USDT, and the current quoted price is 0.47 USDT, with a market value of about 10.06 million USD and a total of 1,411 holders. The address starting with bc1p06 holds approximately 407,545, accounting for 1.94% and ranking first. The holdings of the top 8 addresses are all between 1% and 2%.
DRAG
DRAG is also a BRC20 inscribed token in the Bitcoin ecosystem, created on April 26, 2023. Its community slogan is “Let DRAG go global and spread the dragon culture to every corner of the world,” claiming to have gathered industry OGs and well-known capital. DRAG has a total supply of 210 million, with a maximum minting limit of 10,000 per minting. It has a market value of about 9.88 million USD, and the floor price has increased from 0.00082 USDT to 0.049 USDT. The 24-hour trading volume is about 160,000 USD, and there are a total of 1,606 holders. The address starting with 3PkQBd holds the highest percentage at 3.04% with a holding quantity of 6,380,554, and there are 4 addresses with holdings between 2% and 3%.
DADA
DADA is also a Bitcoin BRC20 inscribed token deployed on April 26, 2023. Its community slogan is “Longhuan, Longhuan,” targeting the BRC bull market, the dragon concept in 2024, and the 2024 Spring Festival IP. DADA has a total supply of 21 million and a maximum minting limit of 1,000 per minting. Currently, DADA has a market value of about 2.03 million USD, and the floor price has increased from 0.03 USDT to 0.096 USDT. The 24-hour trading volume is about 72,000 USD, and there are a total of 786 holders. The address starting with bc1pev holds the highest percentage at 2.06% with a holding quantity of 433,000, and there are 9 addresses with holdings between 1% and 2%.
BNB Chain
DragonKing
DragonKing is a BEP-20 community token on the BNB Chain. It adopts a deflationary model, and holders of DragonKing, which has a supply exceeding 15 billion, can earn USDT by holding DragonKing tokens in their wallets. 0.5% of each DragonKing transaction will be added to the liquidity pool, and 3% of each transaction will be redistributed to token holders who hold at least 15 billion DragonKing tokens. DragonKing has established the Dragon King DAO Foundation and released a white paper. The maximum supply of DragonKing is 5T, and the total supply is currently 13.27T, with all tokens in circulation. It has a market value of about 249,000 USD, and the current quoted price is 0.000000018751 USDT.
Avalanche
DINO
DINO is an ARC20 inscribed token on Avalanche, claiming to be a Silicon Valley entrepreneurial project that reflects foreigners’ nostalgia for dinosaurs and Jurassic Park. DINO has a total supply of 2,100,000,000,000,000, and all tokens have been minted. The maximum minting limit per minting is 100,000,000. The floor price of DINO is currently 0.8 USDT, with a market value of about 16.96 million USD. There are currently 41,772 addresses holding DINO on Avalanche, making it the top “dragon” concept token. The address starting with 0xc1af holds the highest percentage at 1.2%, with a holding value of 2.5T, and the remaining addresses are all below 0.65%.
In addition to DINO, Avalanche also has other “dragon” concept inscribed tokens such as drag, dragon, DRAGON-X, Dragon, LONG2024, long, and longking, but their market values are all 0.
DynaZone reminds investors that inscribed tokens and memecoins are subject to significant price fluctuations. Investors should exercise caution and this article does not constitute any investment advice.
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