Solana Meme Coin Jimothy Surges 331% on Elon Musk Raccoon Post

Jimothy The Raccoon, a meme coin built on the Solana network, spiked 331 percent after Elon Musk posted a raccoon video to his X account. The clip, created by xAI designer Dogan Ural, quickly attracted hundreds of thousands of views and triggered a massive buying wave for the token, even though Musk did not mention the coin by name.

Following the social media post, Jimothy traded at $0.0162, bringing its total market capitalization to $16.2 million alongside a heavy 24 hour trading volume of $25.4 million. The token originally launched in July on Solana platform Pump.fun, named after a viral Seattle raccoon, and previously experienced large price swings after a mention from an official White House social media account.

This rapid price increase highlights the ongoing power of celebrity social media posts to drive sudden rallies in micro cap crypto assets. Traders should watch trading volume closely in the coming days, as sentiment driven tokens often retrace quickly once online attention shifts to the next viral trend.