Meme Coin FISH Market Cap Surpasses $12 Million to Hit an All-Time High, With a 24-hour Gain of 35.7%

Jan 8 — Per data from GMGN (via GMGN), the Solana-based meme coin FISH hit a new all-time high today, briefly topping a $12 million market cap. As of now, its market cap sits at $8.5 million, with a 24-hour trading volume of $7.8 million and a 35.7% 24-hour price surge. The token draws inspiration from the character in the international bestseller *The Rainbow Fish*. Its recent popularity stems from a well-known parody account named "Rainbow Fish" on X (formerly Twitter): after four years of dormancy, the account suddenly returned on Jan 1 afternoon to dive into meme culture. A token of the same name launched shortly after on Pump.fun, sparking a frenzy around FISH and related Solana meme coins. Its market cap skyrocketed from roughly $70,000 to $700,000 in one day—nearly a 10x jump. Currently, FISH’s price remains volatile at elevated levels. BlockBeats notes that meme coin trading is highly volatile, heavily tied to market sentiment and hype cycles, and lacks inherent value or real-world use cases. Investors should be mindful of the risks.