Article reprinted from: Odaily Planet Daily
Original | Odaily Planet Daily (@OdailyChina)
Author｜Nan Zhi (@Assassin_Malvo)
"Another 1,000-fold Golden Dog appeared tonight", "You missed a 100-fold return if you took a nap", I wonder if you have ever had this experience, the Golden Dog always sneaks up when you are not around, and by the time you react, the market value has exceeded eight figures. So, when are the Golden Dogs most frequent? Do you have to be online during this time to have a chance? Odaily will review it in this article.
When does the Golden Dog appear?
We first take the top 1,000 tokens from Pump.fun as the research object, and get the token creation time points as follows. The creation time point 0 is equal to the creation time of the token from 0:00 to 1:00 Beijing time, and so on. It can be clearly seen from the figure that after 21:00 in the evening, the frequency of Golden Dog jumped from 2% to 4%, and continued to rise, reaching a peak between 3:00 and 6:00 in the morning, and then fell back to 2%-3% in the morning.
To verify whether this pattern is correct, we expanded the research subjects to include tokens in the TOP 200 and TOP 2000 by market cap. To better illustrate this, a bar chart is added below. It can be seen that for tokens in the TOP 2000 by market cap, the frequency of appearance of 'golden dogs' significantly increases after 9 PM, and the period from 3 AM to 6 AM also shows a significant advantage.
Is there still a chance after missing the night?
For most users, it is difficult to achieve dog trading in the early morning. So, does missing the first wave in the early morning mean there are no more opportunities? The author has compiled the interval from the creation of the TOP 20 tokens to their first peak, as shown in the figure below. On average, it takes 52.7 hours to ferment to the first peak, while it takes an average of 58.7 days to reach the current TOP 20 status, indicating that even if you miss the opening, there is still ample time to get in.
Data source
The market cap ranking of pumps can be obtained through the pump front-end API, which includes over ten pieces of information such as token address, symbol, creation, and end time. For TOP tokens, this API can be used. The author has tested it and can access the top 2050 tokens by market cap.
For tokens not in the ranking, the creation time can be queried through the front-end API. The last transaction of this API is the dev's first purchase transaction, which can be used to obtain the token's creation time.