The well-known account Rainbow Fish purchased 5 million of its own prototype Meme coins, causing FISH to surge and reach a new market value high

According to GMGN monitoring, the well-known account Rainbow Fish on X purchased 5 million Meme coins FISH and locked them until 2027, which influenced the market. As a result, the Meme coin FISH, based on it, surged 66% on the Solana chain, reaching a new market cap high of $13.36 million, and has currently retraced to $11.10 million, with a current price of about $0.011.

In the past 24 hours, its trading volume reached $6.2 million, ranking third on the trading list. The Meme coin FISH on the Solana chain briefly surged nearly 400%, peaking at $0.0073, before retracing to around $0.0061, with a current market cap of about $6.16 million and a 24-hour increase of 300%.

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, which 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.