On January 11, according to GMGN data, the Solana on-chain Meme coin FISH rebounded by over 68% today, with a current market capitalization of $7.5 million and a 24-hour trading volume of $10.4 million.
The coin is inspired by a character from the international bestseller *The Rainbow Fish*. The hype originated from the well-known parody account "Rainbow Fish" on the X platform—which suddenly returned on the afternoon of January 1st after a four-year hiatus, engaging in meme-based interactions. Subsequently, a token of the same name appeared on Pump.fun, driving speculation on FISH and related meme coins on Solana. Its market capitalization surged from approximately $70,000 to $700,000 in a single day, nearly tenfold, and reached a record high of $14 million on January 8th.
BlockBeats reminds users that Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.
