Meme coin FISH rebounds over 68% today, with a current market cap of $7.5 million

On January 11, according to GMGN data, the Solana on-chain meme coin FISH rebounded over 68% today, with a current market cap of $7.5 million and a 24-hour trading volume of $10.4 million. The coin is inspired by the character from the international bestseller “The Rainbow Fish.” The recent surge originated from the well-known parody account Rainbow Fish on the X platform — which suddenly returned and started engaging in meme play on the afternoon of January 1 after four years of silence. Subsequently, a token with the same name appeared on Pump. fun, driving speculation on FISH and related meme coins on Solana. Its market cap rapidly surged from about $70,000 to $700,000 within a day, nearly tenfold growth, and hit a record high of $14 million on the 8th. BlockBeats reminds users that meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks intrinsic value or practical use cases. Investors should be cautious of risks.