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

Source Beincrypto

Jimothy The Raccoon (JIMOTHY), a Solana (SOL)-based meme coin, jumped 331% on Saturday after Elon Musk posted a raccoon video to his X account.

The surge mirrors past Musk-driven rallies, where his posts and username changes have repeatedly sent meme coins higher.

pic.twitter.com/fosLc0KtcA
— Elon Musk (@elonmusk) August 8, 2026

Why Is Jimothy The Raccoon (JIMOTHY) Up Today?

Musk shared the raccoon clip early Saturday, created by Dogan Ural, Designer and Creative Ambassador of xAI. The post drew more than 811,000 views within hours. He did not name JIMOTHY directly.

At press time, JIMOTHY traded at $0.0162. Saturday’s rally lifted its market capitalization to $16.2 million, with 24-hour trading volume of $25.4 million.

Jimothy The Raccoon (JIMOTHY) Meme Coin Price Performance. Source: CoinGecko

JIMOTHY launched on Solana’s Pump.fun platform in July 2026. Anonymous developers named it after a viral Seattle raccoon.

The token has a history of attention-driven moves. It surged roughly 52-fold within days of launch as the animal went viral online. A separate spike followed a mention from an official White House social media account.

Musk’s Post Extends a Familiar Pattern

Musk’s influence over meme coins stretches back years across several tokens. In October 2025, his Grok video lifted FLOKI by around 30%.

Similar spikes have trailed his Dogefather post, his Gorklon Rust handle change, and a token that rallied 42,000% after Musk’s reply. Each gain faded once the online attention moved on.

JIMOTHY remains a micro-cap token driven more by sentiment than by fundamentals. Whether the gains hold will depend on trading volume and sustained online attention.

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Disclaimer: For information purposes only. Past performance is not indicative of future results.

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