Meme coin FISH's market cap surpasses $12 million, hitting a new all-time high, with a 24-hour increase of 35.7%

According to GMGN data on January 8, Solana-based meme coin FISH reached a new all-time high with a market capitalization of over $12 million today. The current market cap 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 the character from the international bestseller “The Rainbow Fish.” Its recent popularity originated from the well-known parody account Rainbow Fish on the X platform — which suddenly returned and started engaging in meme interactions on the afternoon of January 1 after four years of silence. Subsequently, a token with the same name appeared on Pump. fun, driving speculation of FISH and related meme coins on Solana. The market cap surged from about $70,000 to $700,000 within a day, nearly tenfold increase. Currently, FISH price remains volatile at high levels. BlockBeats reminds users that meme coin trading is highly volatile, heavily reliant on market sentiment and hype, with no intrinsic value or practical use cases. Investors should be cautious of risks.