When the market's attention was focused on the Perp Dex or stablecoin protocol tracks, Solana meme coins almost overnight became a thing of the past. Despite pump.fun's daily earnings still being quite substantial, players find it difficult to capture multi-million-dollar "gold doggos" every day as they did in the past.

In such an environment, today's market cap-breaking $1 million $nl can rightfully be called a "gold doggo." This coin, launched from pump.fun, is a meme coin with a theme concept of "Meme Coin Perp Dex on Solana." However, what makes it interesting is that if it is said to be a purely meme coin, it does indeed have a "product." If it is said to be a serious project with a product, its product definitely cannot be considered the kind of qualified "serious" product, as can be sensed from its full name, niggaliquid.

The dev of $nl is @10piecedawg, a famous on-chain player known for turning $4 into $10,000 within 48 hours.

Therefore, when $nl was just launched, no one thought this thing was serious. Whether it was the early meme tweet promotional content:

or that it was a token launched from pump.fun. Everyone would think, how could a "serious" project launch a coin on pump.fun so casually like this?

But slowly, things started to get confusing... the dev brought out a website and a referral point system, and everything seemed to start looking more legitimate.

Subsequently, the official account began frequently posting Moonshot-style listing announcements, and more and more players began to feel like this wasn't just a pure meme, as if it really had something.

In fact, niggaliquid used Orderly's "Orderly One" no-code feature to launch the Perp Dex. Comparing niggaliquid to ADEN, which was also created using "Orderly One," they are almost identical.

ADEN