A koi's appearance can change with growth, development, viewing conditions, or illness. Color alone cannot tell you which explanation applies, and it does not reveal the fish's emotions.
Separate Lighting from a Real Change
Sun angle, water depth, reflections, camera exposure, and pond background affect perceived color. Compare views under similar conditions before concluding that pigment has faded or intensified. Heavy photo editing can make a healthy fish look different without reflecting any change in the animal.