Elon Musk shares a video of a laser-eyed raccoon, driving meme coin Jimothy to soar, with its market capitalization once topping $18 million.
1 hours ago
Per GMGN monitoring, Elon Musk today shared an AI-generated video of a giant laser-eyed raccoon, without naming any token. Crypto KOL Ansem then replied "is that jimothy?", sparking attention to Jimothy and its subsequent rally. Solana-based meme coin Jimothy has surged again, with its market capitalization briefly topping $18 million today, now trading at $15.4 million, up 257.3% in 24 hours, and boasting a trading volume of $15.9 million. Jimothy is modeled after a raccoon from Seattle, U.S., whose unusual physique stems from a rare congenital condition. Local residents posted a video of the animal on July 14, which went viral, racking up nearly 8 million views and spawning community creations including memes, murals, and merchandise. BlockBeats cautions users that meme coins are highly volatile, driven primarily by market sentiment, community hype, and narratives, with no stable fundamental support, so investors must be mindful of risks.
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