The cryptocurrency $MLG, operating on the Ronin network, has reached a new all-time high with a market capitalization of $196 million. This surge occurred despite a recent $10 billion liquidation in the broader crypto market, highlighting the strength and resilience of $MLG. The coin bounced back to $140 million swiftly and is described as a memecoin with a strong community and narrative, primarily driven by gamers and 'Meteora farmers'. Some market observers speculate that $MLG could reach a market cap of $600 million by the end of the week, with others predicting it could hit $1 billion.