In the year #金狗势不可挡 2025, the concept of "Golden Dog" in the cryptocurrency space (such as MEME coins, Rune tokens, etc.) continues to be popular, driven by multiple factors:

1. **Community Consensus and Time Accumulation**: Leading MEME coins like DOGE and SHIB have established a stable community foundation, while emerging projects like DOG•GO•TO•THE•MOON (Rune tokens) have rapidly risen based on the development of the Rune protocol after Bitcoin's halving, with a market capitalization exceeding $400 million, demonstrating the long-term value of grassroots consensus.

2. **Wealth Effect and Speculative Drive**: The high volatility of MEME coins attracts capital inflow, with some projects in 2024 showing an average maximum return rate exceeding 37,000 times, but caution is needed regarding the risk of drawdowns (average maximum drawdown of 49.1%).

3. **Celebrity Effect and Narrative Innovation**: Statements from KOLs like Musk still have a direct impact on coin prices, while project parties capture market attention through AI promotion and integration with popular culture (such as anime, animal themes), such as GOAT (AI agent promotion) which has seen short-term gains exceeding 24,000 times.

4. **Regulatory and Market Risks**: Many countries are strengthening cryptocurrency regulations, leading to severe price volatility, necessitating attention to the impact of policy changes on liquidity.

In summary, the short-term popularity of "Golden Dog" may continue, but it is essential to balance speculation with risk, prioritize projects with stable communities and innovative narratives, and remain vigilant about the risk of bubble bursts.