How did the X account, dormant for 4 years, trigger a 68% rebound in Meme coin FISH?

Solana-based Meme coin FISH experiences a strong rebound today, with a 24-hour increase of over 68%, a market cap reaching $7.5 million, and a 24-hour trading volume surpassing $10.4 million. Behind this rally is not an improvement in fundamentals, but a wave of emotional speculation triggered by social media buzz. The return of an X account dormant for four years has become the catalyst for this Meme coin craze.

From 70,000 to 14 million: a one-week explosion story

Timeline of events

According to the latest news, FISH’s surge began on January 1. The well-known parody account “Rainbow Fish” on X platform suddenly returned after four years of silence and started engaging in meme interactions. This revival immediately drew community attention, followed by the appearance of a token named FISH on Pump.fun, which further fueled the hype around related Meme coins on the Solana chain.

Specific developments include:

• January 1: Account returns, community begins to focus
• Within a few days: Market cap rapidly jumps from about $70,000 to $700,000, nearly tenfold increase
• January 8: Market cap hits a record high of $14 million
• January 11 (today): Rebounds over 68%, market cap reports $7.5 million

Data shows that FISH’s market cap increased nearly 20 times in just over a week. Such a rise is almost unimaginable in traditional finance, but in the Meme coin space, it is not uncommon.

Analysis of driving forces: Emotions outweigh fundamentals

The driving forces behind this rebound can be summarized as several key factors:

• Account Effect: Rainbow Fish, as a well-known parody account with a certain follower base, its sudden return after four years naturally sparks market attention and FOMO (Fear of Missing Out) sentiment.
• Concept Linkage: The perfect match between the account name and the token name reduces cognitive load for users and makes dissemination easier.
• Community Buzz: According to related reports, FISH discussion heat on social media continues to rise, with several prominent accounts recommending and discussing this token.

These factors combined create a typical Meme coin hype—no real utility, no technological innovation, entirely driven by market sentiment and community enthusiasm.

Market performance and risk assessment

High volatility

Looking at FISH’s performance, this token’s volatility is indeed astonishing. From $70,000 to $14 million and back to $7.5 million within just ten days, the sharp fluctuations reflect the typical characteristics of such tokens—completely emotion-driven, lacking fundamental support.

With a 24-hour trading volume of $10.4 million and a market cap of $7.5 million, the turnover rate is extremely high, indicating frequent market participation and a high concentration of risk.

The essence of Meme coins

According to BlockBeats, Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, with no intrinsic value or utility. FISH exemplifies this trait perfectly:

• No technological innovation
• No real use cases
• Entirely based on social media buzz
• Returns depend entirely on subsequent participant entry

Summary

FISH’s rebound is essentially a social media-driven emotional hype. The return of an account and a concept linkage are enough to trigger market frenzy and capital inflow. However, such enthusiasm is often short-lived; once the novelty wears off and social media buzz diminishes, these Meme coins tend to face rapid declines.

For investors, participating in such trades requires full awareness of the risks—high returns are usually accompanied by high risks, and in the Meme coin space, risks are often severely underestimated. Short-term surges can easily obscure the hollow core behind these tokens.