Solana Meme Coin FISH reaches new high: from dormant account to tenfold market cap surge

【Crypto Rhythm】Meme coin FISH on the Solana chain has recently surged in popularity. Data shows that the market cap of this coin just hit a new all-time high of over $12 million today, currently stable around $8.5 million, with a 24-hour trading volume of $7.8 million, and a 24-hour increase of 35.7%.

There is an interesting story behind this rally. The design inspiration for FISH comes from the international bestseller “The Rainbow Fish.” What truly ignited the hype was a well-known parody account on X platform called Rainbow Fish—this account had been dormant for four years, but suddenly revived on the afternoon of January 1st and started engaging in meme interactions. Soon after, a token with the same name appeared on Pump.fun, which immediately ignited market enthusiasm. FISH and related Meme coins were wildly speculated on Solana, with market cap skyrocketing from $70,000 to $700,000 in just one day, an increase of nearly 10 times. Currently, FISH’s price remains volatile within a high range.

However, it is important to note that Meme coin trading is highly volatile, mainly driven by market sentiment and hype, and lacks intrinsic value or practical use cases. Participants in such trading should be very cautious about risk.