Meme Coin FISH Surges Over 68% Today, Current Market Cap Reaches $7.5 Million

Solana-based meme coin FISH surged over 68% in 24 hours on January 11, 2026, reaching a market cap of $7.5 million. The rally followed recent momentum sparked by the return of the X parody account 'Rainbow Fish' after a four-year absence. The account's engagement with meme content helped propel FISH's market cap to an all-time high of $14 million on January 8.

FISH is inspired by the character in the international bestseller The Rainbow Fish. The token's recent hype began when the X account returned and started sharing meme content. This led to a new token launch on Pump.fun, which fueled speculation in FISH and related Solana meme coins.

The surge was further amplified on January 8 when the 'Rainbow Fish' account reportedly purchased 5 million units of FISH, locking them until 2027. This move triggered a 66% short-term surge, pushing the market cap to $13.36 million before retreating to $11.1 million.

What Caused FISH's Recent Surge?

The 'Rainbow Fish' account's activity on X played a central role in FISH's price rally. After four years of inactivity, the account returned on January 1 and began sharing meme-related content. This sudden attention helped drive a surge in interest for the FISH token, which was launched on Pump.fun shortly afterward.

The account's purchase of 5 million FISH units and the locking of these holdings until 2027 signaled a significant show of confidence in the token. This event contributed to a short-term 66% price increase, briefly pushing the market cap to a new high.

How Are Markets Responding to FISH's Growth?

FISH's 24-hour trading volume reached $10.4 million on January 11, ranking third on the trading leaderboard. This reflects heightened trading activity on the Solana blockchain, where meme coins continue to attract speculative interest.

The broader Solana meme coin ecosystem is also experiencing heightened activity. PumpSwap, the trading arm of the Pump ecosystem, reported $1.2 billion in trading volume for Solana-based meme coins, driven by the recent surge in interest.

What Risks Do Investors Face With FISH and Meme Coins?

Despite the recent rally, FISH remains a highly volatile asset. Its price movements are primarily driven by market sentiment and social media hype rather than fundamental value or utility. Investors are advised to exercise caution due to the unpredictable nature of meme coin trading.