Memecoin FISH's market capitalization surpassed $12 million, setting a new all-time high, with a 24-hour increase of 35.7%.
TL;DR
Solana meme coin FISH hit a new all-time high with market cap over $12 million, surging 35.7% in 24 hours. The spike was driven by a parody account's return and meme interactions, but trading is volatile and risky.
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According to ChainCatcher and GMGN data, the Solana-chain meme coin FISH broke through the $12 million mark today, setting a new all-time high. Its current market capitalization is $8.5 million, with a 24-hour trading volume of $7.8 million and a 24-hour increase of 35.7%. The coin is inspired by a character from the international bestseller "The Rainbow Fish".
The recent surge in popularity originated from Rainbow Fish, a well-known parody account on the X platform. After a four-year hiatus, the account suddenly returned on the afternoon of January 1st, engaging in meme-based interactions. This led to the appearance of a token with the same name on Pump.fun, driving up the price of FISH and related Meme coins on Solana. The market capitalization surged from approximately $70,000 to $700,000 in a single day, a nearly tenfold increase. Currently, the price of FISH remains volatile at high levels. ChainCatcher reminds users that Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks real value or use cases; investors should be aware of the risks.