The meme coin Jimothy The Raccoon surged by 331%: the Musk effect is in action again
Solana meme coin Jimothy The Raccoon (JIMOTHY) has demonstrated an impressive 331% surge in just a few hours. The trigger was a post by Elon Musk on social network X, where he shared a video of a raccoon.
This is yet another confirmation that Musk's influence on the crypto meme coin market remains colossal. A mere mention or repost is enough to spark massive hype, and the case of JIMOTHY is a vivid example of this.
Details of the JIMOTHY surge
On Saturday morning, Elon Musk published a video of a raccoon, authored by Dogan Ural, a designer and creative ambassador for the AI-focused company xAI. Notably, the billionaire did not directly mention the JIMOTHY token, but the market reacted instantly. The post garnered over 811,000 views within hours, which served as the catalyst.
At the peak of activity, the JIMOTHY price reached $0.0162. The market capitalization soared to $16.2 million, and the 24-hour trading volume amounted to $25.4 million. This dynamic clearly demonstrates how sensitive low-liquidity meme coins are to news triggers.
The token itself was launched on the Pump.fun platform in July 2026. Anonymous developers named it after a raccoon from Seattle whose story went viral online. In the first days after launch, the price increased approximately 52-fold, followed by another significant jump after the animal was mentioned by the White House account.
Musk and meme coins: a recurring pattern
This is not the first time Musk's posts have moved the market. In October 2025, his video with Grok triggered a roughly 30% rise in FLOKI. Similar spikes were observed after a post with the nickname "Dogefather," a username change to Gorklon Rust, and other messages from the businessman. However, as practice shows, each such surge ends as soon as the audience's attention shifts to something else.
JIMOTHY remains a micro-cap token whose price is driven not by fundamental value but by community sentiment. Whether the upward trend persists will depend on trading volumes and further on-chain activity.
My expert take: such events are a classic example of "narrative liquidity," where the price moves solely on emotions and hype. For experienced traders, this is an opportunity for short-term speculation, but for long-term investors, it is a high-risk zone. Always remember the high volatility and lack of fundamental support for such assets.