Rainbow Fish Leaves Prison, Dives Into New Memecoin

Summary

• A coin called rainbowfish launched after parody X account @RAINBOWFlSH, known for impersonating the children's book character, announced he was out of prison.

• Creator fees were redirected to RAINBOWFISH, leading to a surge in market cap & excitement among holders.

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rainbowfish was launched on January 1 after attention turned back to @RAINBOWFlSH, a parody X account with over 190K followers that roleplays as Rainbow Fish from the children's book. The account, which last posted a tweet suggesting incarceration in December 2022, resurfaced with a quote tweet announcing his return.

Creator coins have become a recent meta after @TheWhiteWhaleV2 - a trader known for losing $60M in a market crash - took over a coin made in his name that later rallied to a $79M all-time high.

On January 3, @bartcharts, who launched fish, announced that all creator fees were redirected to @RAINBOWFlSH, signaling that he might take over the project and triggering FOMO among traders.

@RAINBOWFlSH responded quickly, joining the X community and starting a train.

@ieatjeets recently shared a chart of fish captioned "noticing."

fish launched on January 1 and reached a $1.5M all-time high shortly after news that creator fees were redirected to @RAINBOWFlSH.