A Defunct Account Missing for 3 Years: How Did It Cause a Solana Meme Coin to Skyrocket 370% Overnight?

Solana-based Meme coin fish has recently gone viral. According to the latest news, since launching on Alpha, fish has increased by 198.34%, with a current price of 0.0061107 USDT. But this is just a conservative figure—related reports show that intra-day gains once exceeded 370%, and its market cap has surpassed 7 million USD. The behind-the-scenes story isn’t a technical breakthrough or good news, but rather an outrageous story: a prank account that had been missing for 3 years suddenly “got out of prison.”

The Speed of fish’s Viral Rise

fish is a typical Solana Meme coin, but its performance is particularly exaggerated. According to trading data, traders have already gained 179.21% and 144.67% returns on fish. Starting from a market cap of 2.6379 million USD, it surged to over 7 million USD in a short period. Such speed is already quite crazy for a new coin.

However, this increase must be understood in context—the Meme coin itself is a high-risk, high-reward asset, and volatility is normal. The reason fish has attracted such attention is not just the coin itself, but the story behind it.

The Narrative Driving Rainbow Fish

The main character of the story is a prank account called Rainbow Fish (@RAINBOWFlSH). This account posted a humorous tweet in December 2022 about “hit a kid and went to jail,” then disappeared. It was silent for exactly 3 years.

Until January 1, 2026, Rainbow Fish suddenly became active again. The account referenced the old tweet and posted new content: “Just got out of prison. What did I miss?” With just this one tweet, community members immediately started private messaging, proposing to launch a token called “Rainbow Fish” on the Solana chain. Soon after, the fish token was born.

This narrative is a bit absurd, but that’s the charm of Meme coins—no need for technology, no need for applications, as long as the story is absurd enough and attention-grabbing, it can attract retail investors to follow the trend. The “rebirth” of the Rainbow Fish account perfectly fits this logic.

The Broader Context of the Meme Coin Boom

fish’s viral rise is not an isolated event. According to related reports, the overall popularity of Meme coins is increasing. It is explicitly pointed out that Meme coins are leading indicators of risk appetite returning, signaling retail sentiment and capital rotation ahead of the broader market.

At the same time, other Meme coins are performing strongly: PRCL surged over 120% in 24 hours, and RIVER recently gained nearly 10 times in 7 days after receiving strategic investment from Arthur Hayes. This indicates that the market’s overall enthusiasm for risk assets is rebounding.

When BTC hits 93,000, ETH stabilizes around 3,150–3,250 USD, and institutional funds are quietly positioning, retail investors’ money is flowing into high-risk assets like Meme coins. This is a signal—the market sentiment is shifting from cautious to greedy.

Traders’ Actual Performance

Data speaks volumes. Traders on fish have already started to profit; gains of 179.21% and 144.67%, while not universal, show that some people are indeed making money in this wave. But it’s also important to understand that behind every profit-maker, there are many more chasing higher or getting caught.

Summary

fish’s story is very typical: a nonsensical narrative, the revival of a prank account, retail FOMO, combined with the current Meme coin craze, can create a short-term explosive rally. This reflects a return of market risk appetite—when institutional funds are deploying major coins, retail investors are already looking for 10x coins in Meme tokens.

Where can fish go? Nobody knows. These coins tend to rise quickly and fall just as fast; once the story is over, it’s curtains. For those wanting to participate, it’s important to understand that this is gambling, not investing. Returns and risks are always two sides of the same coin.