The market value of the meme coin FISH has surpassed 12 million dollars, setting a new historical high, with a 24-hour increase of 35.7%

According to GMGN data, the market capitalization of the Meme coin FISH on the Solana chain has surpassed $12 million today, reaching a historic high, with a current market cap of $8.5 million, 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."

Its recent popularity originated from the well-known parody account Rainbow Fish on the X platform—this account suddenly returned and interacted with memes on the afternoon of January 1 after being inactive for four years. Subsequently, a token of the same name appeared on Pump.fun, driving the speculation of FISH and related Meme coins on Solana, with its market cap rapidly increasing from about $70,000 to $700,000 in just one day, nearly a tenfold growth. Currently, the price of FISH is still fluctuating at a high level. ChainCatcher reminds users that trading in Meme coins is highly volatile, largely relying on market sentiment and conceptual speculation, and has no actual value or use case; investors should be aware of the risks.