Jimothy The Raccoon (JIMOTHY), a Solana meme coin named after a viral Seattle raccoon, jumped 186% in 24 hours. Live BeInCrypto market data puts its market cap near $11 million.

Anonymous developers launched the token this week. Clips of the animal’s odd shape had already spread across social media, and traders piled in within hours of its Solana debut.

A Raccoon Named Jimothy Became an Overnight Icon

Seattle resident Kiana Hall filmed the raccoon near a Ballard neighborhood Goodwill earlier this week.

Marcie Logsdon, an associate professor at Washington State University’s Veterinary Teaching Hospital, said the raccoon likely has short spine syndrome, a rare congenital condition that shortens the spine and limits mobility.

“I was surprised and honestly a little bit inspired that he is that resilient”

The moment echoes a recent meme coin frenzy triggered by a hoax about Binance founder Changpeng Zhao. In that case too, a viral clip preceded a same-day token launch.

Pump.fun Trending Page Turned Attention Into Trading Volume

Anonymous creators listed JIMOTHY on Pump.fun. The platform’s trending page then exposed the token to a wide pool of Solana traders within hours.

Pump.fun’s official account then reposted the token on X, pushing it in front of an even larger trading audience. A dedicated subreddit and a wave of fan merchandise followed. Tattoo artists even offered discounts for raccoon-inspired ink.

The launch also arrived during a broader Pump.fun trading rebound. The platform’s share of profitable traders has climbed for four straight months.

Meanwhile, Solana network activity has jumped even as the SOL token itself struggles. Meme coin launches keep pulling in fresh volume.

Analysts Warn the Rally May Not Hold

JIMOTHY’s trading volume topped $36 million in the past day. Its price has climbed more than 50-fold from its low to an all-time high of $0.0217, according to live rankings data.

The token still ranks 1,117th by market capitalization, tiny next to Solana’s blue-chip names, and its supply sits near one billion coins.

However, tokens built on viral animal moments rarely hold their gains once the news cycle fades.

The pattern already played out this year in a World Cup meme coin rally tied to footballer Erling Haaland. A similar narrative-driven token rally followed Pentagon UFO files, and both cooled within weeks.

Source: BeInCrypto