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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.
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Just one fish can multiply tenfold, Meme coins are really outrageous.
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Pump.fun is causing trouble again, who is the victim this time?
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Wait, just because of a fairy tale book? Why do I feel like bottom fishing?
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FISH is taking off while I'm still crawling on the ground, I need to reflect on my trading strategy.
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A fish worth 8.5 million USD, I really didn't expect that.
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An account that has been silent for four years suddenly explodes upon revival, is this premeditated or just a coincidence?
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Solana is back to its crazy mode, who is still holding a short position?
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A 35% increase is probably just the appetizer, we’ll see what happens next.
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I missed this wave of FISH, and I just let a tenfold opportunity slip away.