Meme coin FISH's market cap surpasses $12 million, hitting a new all-time high, with a 24-hour increase of 35.7%

BlockBeats News, January 8th, according to GMGN data, the Solana on-chain Meme Coin FISH has today surpassed a market cap of $12 million, setting a new all-time high. Currently, the market cap is $8.5 million, with a 24-hour trading volume of $7.8 million, and a 24-hour increase of 35.7%.

The coin is inspired by the character from the international bestseller “The Rainbow Fish.” Its recent popularity originated from the well-known parody account Rainbow Fish on the X platform — which suddenly returned and started engaging in meme interactions on the afternoon of January 1 after four years of silence. Subsequently, a token with the same name appeared on Pump.fun, driving FISH and related Meme Coins to hype on Solana. Its market cap once rapidly surged from about $70,000 to $700,000 within a day, nearly tenfold growth. Currently, the FISH price remains volatile at high levels.

BlockBeats reminds users that Meme Coin trading is highly volatile, often relying on market sentiment and hype, with no intrinsic value or utility. Investors should be cautious of risks.