Solana-based memecoin Jimothy The Raccoon (JIMOTHY) surged 331% on Saturday after Elon Musk posted a raccoon video to his X account. The token traded at $0.0162 with a market capitalization of $16.2 million and a 24-hour trading volume of $25.4 million. The video, created by Dogan Ural, Designer and Creative Ambassador of xAI, accumulated over 811,000 views within hours. JIMOTHY launched on Solana’s Pump.fun platform in July 2026 and derives its valuation primarily from online attention rather than financial fundamentals. This move follows a recurring pattern where Elon Musk’s posts trigger spectacular spikes in memecoins, though these gains typically fade once digital attention moves elsewhere.
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