From 0.004 to 0.0082: FISH Alpha's launch triggers a doubling in price. What gives this TON memecoin the edge?

According to the latest news, the TON ecosystem memecoin FISH performed remarkably after launching Alpha, with a total increase of 104.54%, currently priced at 0.0082339 USDT. As an emerging token in the TON platform, FISH’s rapid rise warrants in-depth observation.

Catalytic Effect of Alpha Launch

Price Increase Data Summary

FISH’s 104.54% increase is the cumulative performance since the launch of Alpha, representing a significant short-term surge among memecoins. Specifically:

Compared to this data, FISH’s gains are mainly concentrated in the short term following the Alpha launch, after which it entered a correction phase. This is a typical event-driven movement.

Project Fundamentals

FISH’s basic information is as follows:

• Launch Date: April 22, 2024
• Platform: TON Blockchain
• Project Positioning: Memecoin
• Total Supply: 42.069 trillion tokens
• Fully Diluted Market Cap: $1.23 million
• Market Cap Rank: #5266

A True Reflection of Market Scale

Liquidity Status

Although the increase is impressive, FISH’s market size remains small:

• 24-hour trading volume is only $2,722
• Fully diluted market cap is $1.23 million
• Active trading on 11 exchanges

These data points reflect the characteristics of a nascent memecoin: sensitive price fluctuations but limited market depth. The small trading volume means prices can rise quickly due to relatively small buy orders, which explains the rapid 104.54% surge.

Personal Observations

The Alpha launch is indeed a significant milestone for a new project, but what needs to be seen is that FISH is still in its early stages. With a market cap rank of 5266 and a daily trading volume of just over $2,700, the project’s market recognition is still in the process of building. The short-term increase more reflects market sentiment release following the Alpha release rather than fundamental improvements.

Future Focus Areas

For memecoins like FISH in the TON ecosystem, subsequent attention should be on:

• Practical progress of the Alpha version
• Synergies with other projects in the TON ecosystem
• Continuous expansion of trading pairs and liquidity
• Community activity and engagement levels

The volatility characteristic of memecoins means that short-term gains do not necessarily indicate long-term trends. Investors should remain cautious.

Summary

The 104.54% increase after FISH’s Alpha launch is noteworthy, but the underlying market scale is relatively small. This surge mainly represents early project sentiment release rather than fundamental breakthroughs. As a memecoin in the TON ecosystem, whether FISH can sustain its popularity and expand its market depends on subsequent product iterations and ecosystem development. Short-term price movements are often the most misleading; a rational assessment of the project’s actual progress is more important.