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FollowingJimothy, a meme coin on the Solana chain, skyrocketed due to Musk's tweets
The price of Solana's meme coin Jimothy The Raccoon (JIMOTHY) rose sharply after Elon Musk posted a raccoon video through his X account. Although Musk's tweet did not directly mention Jimothy, the token attracted investors 'attention in a short period of time. The price fluctuations of JIMOTHY once again prove the powerful influence of social media dynamics on low-market meme coins.
Why did the price of JiMOTHY rise?
JiMOTHY's price rose as much as 331% at one point after Musk posted a raccoon video via his X account on Saturday morning. The video quickly gained hundreds of thousands of views, and investors 'attention to raccoon themed meme also increased buying pressure on JiMOTHY. It is worth noting that although the Jimothy token was not directly mentioned in the tweet, the market still regarded it as a positive catalyst for the token. This phenomenon shows how strongly social media trends can have an impact on prices in the low-cap meme space.
After rising, the price of JIMOTHY once rose to the level of US$0.0162. The market value of the token then reached approximately US$16.2 million, and the 24-hour trading volume climbed to US$25.4 million. JIMOTHY was launched on Solana's Pump.fun platform in July 2026. Its name comes from a Seattle raccoon that has become popular on the Internet. Previously, the token has also experienced sharp price fluctuations due to raccoon themed content receiving attention on social media.
The Musk effect is in focus again
It is not new that Elon Musk's social media posts triggered market price fluctuations in meme coins. Previously, Musk's tweets and social media movements related to different meme coins have repeatedly led to significant increases in certain tokens in a short period of time. Jimothy's trend this time also showed a similar situation. However, as past cases have shown, prices may also undergo a sharp correction as social media attention fades, which cannot be ignored.
Can Jimothy's rally continue?
JiMOTHY's current rise is mainly driven by social media attention and investor sentiment. Therefore, if the rally is to be maintained, it will be crucial to maintain trading volume and whether the online popularity for the token can continue. Since the price fluctuations of low-cap meme coins tend to be extremely violent, it is unclear whether the current rise will form a lasting trend. Especially if the impact of Musk's tweets weakens, the price of JimoTHY is likely to fluctuate violently.
