Two-Day 10X, Perhaps the Most Abstract Perp Dex on Solana

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

niggaliquid

The meme coin mentioned in the tweet, which was listed, has only the Swap feature on the niggaliquid Twitter page.

So, niggaliquid is playing a game of both truth and falsehood "cosplay," much like the bankrupt Enron company's coin issuance earlier this year, which claimed to revive Enron on the surface and create the world's first residential micro-nuclear reactor but was actually a dimensional barrier-breaking meme show. (Related reading: 28-year-old American guy, did he really mint a coin for the once $70 billion Enron?)

When the Perp Dex craze meets Solana's "trench" subculture humor, $nl appears to be very popular, with many English-speaking KOLs joining in on this joke:

Everyone is also joking about the absurdity of niggaliquid, such as the high transaction fee revenue:

For example, ETH has Hyperliquid, Binance has Aster, and Solana has niggaliquid:

Even inspired by niggaliquid, niggapay has also emerged:

With the success of $nl, the previously launched $niggabonk by @10piecedawg on bonk.fun has also shown some signs of a revival.

In conclusion, $nl is a recent standout in the realm of absurd meme humor, resembling something like $chillhouse while also carrying shades of irony akin to $fartcoin. This type of humor currently seems to only thrive on Solana and pump.fun.