The Solana-based meme coin FISH has reached a market capitalization of over $12 million, marking a new historical high. The coin's market cap currently stands at $8.5 million, with a 24-hour trading volume of $7.8 million and a price increase of 35.7% in the same period. Inspired by the character from "The Rainbow Fish," FISH gained traction following the reactivation of the parody account "Rainbow Fish" on the X platform, which spurred interest and led to the creation of a token on Pump.fun. The market cap of FISH previously surged from $70,000 to $700,000 in a single day, reflecting a nearly tenfold increase. Despite its current high price range, FISH remains subject to significant volatility, driven by market sentiment and speculative hype. Investors are advised to exercise caution due to the lack of intrinsic value or practical use cases associated with meme coins.